Pizza Restaurant, 16 Years in Business, 2 locations

Asking Price$1,850,000

Cash Flow
$462,500
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,600,000

Inventory$5,000
Not included in asking price
FF&E$100,000
Included in asking price
Real Estate$400,000
Not included in asking price
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Pizza Restaurant, 16 Years in Business, 2 locations


Asking Price$1,850,000

Cash Flow
$462,500
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,600,000

Inventory$5,000
Not included in asking price
FF&E$100,000
Included in asking price
Real Estate$400,000
Not included in asking price
Business Description
We are selling 2 locations of a very successful restaurant in the Florida Panhandle. The original location is well established and has been in business for over 16 years. The second location is located on the campus on one of the top universities in the state and has been operating for 2 years. This is a turnkey operation with both locations running with a full management team and without daily owner oversight needed. The restaurant also has a food truck which we use for catering events. There is significant growth opportunity in catering as well as expanding to more college campuses. The restaurant menu can be completely executed without needing a chef or someone with extensive cooking experience. All the menus, processes, and recipes were designed to be easily executed. Between both locations net profits are above $450,000 per year. There is also the possibility of franchising the concept as net profits for the original location consistently hit above 20%. Revenue between both locations is over $2,600,000.

Current owner also owns the building (not included in the sales price). Buyer will have very friendly lease terms, or can discuss sale of the building as well.
About the Business
Years in Operation
16
Employees
32 (2 Full-time, 30 Part-time)
3 full time managers. The rest of the staff has been here for multiple years
Facilities & Assets
In addition to a fully equipped kitchen, the sale also comes with a food truck that we use for catering as well as a refrigerated trailer for larger catering events.
Market Outlook / Competition
The business is located in a vacation town that is growing every year. Without any additional effort the business should grow 5% a year based on the growth of the area alone.
Opportunities for Growth
There is huge growth opportunities in expanding catering. We also operate on location on a college campus which has unlimited growth potential to more campuses.
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
2,500
About the Sale
Seller Motivation
Owner is selling to fund spouse's medical practice.
Transition Support
1 month (20 business days) training on all menus, recipes, systems, ordering.
Financing Options
None
Listing Info
ID
2433566
Listing Views
65

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Business Listed by: Ian Nunneley

Listing ID: 2433566 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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