Profitable Pizzeria for sale in Southern suburb of Denver

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Great Opportunity!
Asking Price:
$169,999

Gross Revenue:
$561,427
Cash Flow:
$86,365
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Buy this profitable pizzeria for sale with sales of more than half a million dollars and earnings for an owner operator of $86,365. Long term operation and lending available on opportunity with full hotel/restaurant liquor license that transfers to new owner.
The current owner has been operating the pizzeria for sale in this location for over 17 years. It was an Italian restaurant and pizzeria through the middle of 2018 when it was converted to a catering business with sales currently over $500,000 per year. The current operation nets more than $85,000 to an owner operator. Continue to run it as a catering company or convert back to a restaurant to see the earnings go up! There are no restrictions in the lease so you can bring almost any concept you want.
Bring 25% down on this location generating a strong sales line and this should qualify for SBA lending. Don't wait weeks, we'll have you approved in days on this opportunity offered by offered by We Sell Restaurants.
Right sized at 1,900 square feet indoors and seating for about 50 people. There is an opportunity to make this pizzeria for sale, a nice dine-in facility. It's large enough to handle the crowds and small enough to run tight operations. The restaurant did very well with both delivery/take out and dine in for many years. The lease currently is $4515 per month including triple net. A new lease will need to be negotiated with the landlord.
The kitchen is a fully equipped with 2 large pizza ovens, a twelve foot hood and grease interceptor. This will allow a new owner to bring any concept they wish. You can continue to run this as a catering business which means not working the long hours of the restaurant business. The owner has many events lined up for the summer, so this has been a very successful changeover for the business. You can cater either off site or people also will have events outside of the restaurant.
The pizzeria for sale location was very successful as an Italian restaurant serving up great pizza for many years and the opportunity is there to convert it back to this. Due to some health issues it was converted to the catering business to cut back on hours worked. Full liquor license, strong earnings and lending make this an excellent opportunity. Bring Your Offers!

About the Business

Location:
Castle Pines, Colorado
Year Established:
2001
Number of Employees:
18
Real Estate:
Leased
Building Sq. Ft.:
1,900
Rent:
$4,522.00 Per Month
Lease Expiration:
12/31/2019
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Can bring any concept as their are no restrictions in the lease
Growth & Expansion:
Growing area with many retail and housing nearby
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About the Sale

Reason For Selling:
Health
Training/Support:
as needed

Listing Info

ID:
1664322
Ad Detail Views:
315

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Business Listed by

John Jordan

We Sell Restaurants
License# CO SL 100034931

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Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152


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Report an Issue 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 & Conditions.