MAJOR PRICE DROP Swampscott/Marblehead Pizza, Sub & Pasta
Business Description
TYPE OF BUSINESS: PIZZA, SUBS & PASTA
LOCATION: NORTH SHORE AFFLUENT SEASIDE COMMUNITY
SELLING PRICE: $699,000 SBA Loan Available
SALES VOLUME: $30K /wk. 80% delivery/pick up
LEASE: $4,550/mo. (includes NNN) Years left: 10 Years
SQUARE FOOTAGE: 1,600 sf
HOURS OF OPERATION: 11 am -9 pm, 7 days (awesome staff is staying)
SEATING: 14 seats
REASON FOR SELLING: Retiring with a lot of money in the bank!!
COMMENTS: Imagine making $300k plus every year Very successful operation with 80% pick-up and delivery, but no Door dash, Uber Eats etc. In operation for more than 30 years with a very reasonable rent which includes the use of a very large parking lot that is included in the rent. The owner currently only works 30 hours a week just to have something to do. All equipment is in very good working order, including the highly desirable rotating Reed Pizza Oven.
Best estimate is that seller is netting about $300,000/yr (significant cash).
If you have good credit, there may be a SBA loan waiting with only $100K cash req’d.
LOCATION: NORTH SHORE AFFLUENT SEASIDE COMMUNITY
SELLING PRICE: $699,000 SBA Loan Available
SALES VOLUME: $30K /wk. 80% delivery/pick up
LEASE: $4,550/mo. (includes NNN) Years left: 10 Years
SQUARE FOOTAGE: 1,600 sf
HOURS OF OPERATION: 11 am -9 pm, 7 days (awesome staff is staying)
SEATING: 14 seats
REASON FOR SELLING: Retiring with a lot of money in the bank!!
COMMENTS: Imagine making $300k plus every year Very successful operation with 80% pick-up and delivery, but no Door dash, Uber Eats etc. In operation for more than 30 years with a very reasonable rent which includes the use of a very large parking lot that is included in the rent. The owner currently only works 30 hours a week just to have something to do. All equipment is in very good working order, including the highly desirable rotating Reed Pizza Oven.
Best estimate is that seller is netting about $300,000/yr (significant cash).
If you have good credit, there may be a SBA loan waiting with only $100K cash req’d.
About the Business
- Years in Operation
- 33
- Employees
- 15
- Currently Relocatable
- Yes
- Facilities & Assets
- Very well laid out kitchen surrounding a rotating pizza oven for maximum production. Small dining area and a large parking lot right across the street. 80% delivery and pick up with no third delivery involved. Efficient crew that will remain.
- Market Outlook / Competition
- Some competition in the town but none that can compare to this sites volume.
- Opportunities for Growth
- Expansion could include more delivery with third party delivery, additional catering and much more social media.
About the Sale
- Seller Motivation
- Retiring
- Transition Support
- As needed
- Financing Options
- SBA Financing Available
Listing Info
- ID
- 2390165
- Listing Views
- 1266
Attached DocumentsAttachment Disclaimer
Listing ID: 2390165 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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