Pizzeria, and Italian Restaurant in Fredericksburg, VA

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Business Description

This is a very busy, and well established Pizzeria, and Italian Restaurant offering a wide variety of Menu items including Pizza, Subs, Appetizers, and full Dinner Entrees. Strong Revenues, and a strong Cash Flow make this business very attractive. Current owner Nets over $100,000 as an Absentee Owner, however he says the business really needs a Full Time Hands on Owner Operator to really drive the business to the next level. A hands on owner operator can easily net in excess of $140,000 per year. Priced to sell quickly. ADDING BEER AND WINE SALES WILL GREATLY INCREASE REVENUES.

About the Business

Year Established:
2000
Number of Employees:
3 FT, 4 PT
Real Estate:
Leased
Building Sq. Ft.:
1,800
Lease Rate/Sq. Ft./Yr.:
$20.67
Lease Expiration:
2/28/2023
Facilities:
1,800 Square Feet, with total Current Monthly Rent of $3,100, and a lease term of 6 Years.
Market Outlook/
Competition:
Standard Food Service Competition in the area.
Growth & Expansion:
Expanding the Menu Items offered and adding Beer and Wine sales, along with doing more marketing and advertising.
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About the Sale

Reason For Selling:
Other Business Interests
Training/Support:
Seller will give 2-4 Weeks of Training/Transition.
Seller Financing:
Negotiable

Listing Info

ID:
1346179
Ad Detail Views:
375
Asking Price:
$270,000

Gross Revenue:
$575,000
Cash Flow:
$140,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$4,000
included in asking price

FF&E:
$130,000
included in asking price

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Business Listed by

Gary Steven Russell

G. S. Russell Business Brokers and Advis

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U.S. Census Data for Spotsylvania, Stafford and Fredericksburg city Counties, VA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Spotsylvania, Stafford and Fredericksburg city Counties, VA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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