Top Rated Brick Oven Pizzeria & Italian Restaurant With Property .

Asking Price$4,000,000

Cash Flow
Not Disclosed

EBITDA$559,628

Gross Revenue$2,086,726

Inventory$20,000
Not included in asking price
FF&ENot Disclosed

Real Estate$2,250,000
Included in asking price
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Top Rated Brick Oven Pizzeria & Italian Restaurant With Property .


Asking Price$4,000,000

Cash Flow
Not Disclosed

EBITDA$559,628

Gross Revenue$2,086,726

Inventory$20,000
Not included in asking price
FF&ENot Disclosed

Real Estate$2,250,000
Included in asking price
Business Description
Well maintained Italian restaurant & pizzeria with affordable menu selection.
Sales are increasing each year post-covid by 10% to 15%.
Highly rated on all online platforms.
High visibility location on the main street into the town. Surrounded by medical practices, the largest hospital and the largest corporate office complex in the area.
New townhouse , apartment building and new office building with medical research facilities under construction.
Fully staffed with owner managing the store & purchasing.
There is a full time manager.
About the Business
Years in Operation
25
Employees
18
Facilities & Assets
The restaurant has 80 seats plus 36 outside patio seating.
TWO (small 12 to 15 seats & Large 70 to 80 seats) private party rooms for small and large events. Handicap elevator with access to all dining rooms.
Total of 6,500 SF and 50+ car parking lot. Attractive 15 year lease, below market at $13,254/Month with 3% annual increases PLUS Real Estate Taxes $27K/YEAR. All equipment has been well maintained and is in excellent "LIKE NEW" working order.
Market Outlook / Competition
This restaurant is always busy with eat-in, take-out, delivery and private parties. Attracts families for a night out, with affordable pricing.
This is a fantastic opportunity with STABLE income.
Opportunities for Growth
Limited advertising and 4-5 star online-sites ranking reviews. A strong social media initiative will drive restaurant sales and in-house catering.
The restaurant has well trained long-term employees.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
6,500
About the Sale
Seller Motivation
Retiring
Transition Support
Owner will train and transition for a minimum of 1-2 months.
Financing Options
This business with property, will qualify for SBA financing based upon "Buyer" financ
Listing Info
ID
2393675
Listing Views
495
Attached DocumentsAttachment Disclaimer

Confidentiality_Agreement_Pizzeria_with_property_SF.docx


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Business Listed by: Brian Elkin Elkin & Lee Realty & Business Advisors

Listing ID: 2393675 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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