Turn-Key Pizzeria and Italian Restaurant in Well Trafficked Area

Asking Price$490,000

Cash Flow
$220,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,420,000

Inventory$26,000
Included in asking price
FF&E$110,000
Included in asking price
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Turn-Key Pizzeria and Italian Restaurant in Well Trafficked Area


Asking Price$490,000

Cash Flow
$220,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,420,000

Inventory$26,000
Included in asking price
FF&E$110,000
Included in asking price
Business Description
Exceptional Opportunity Consistent Revenue With Strong Customer Base.
Tremendous upside opportunity for an operator or chef. 1,800 sq. ft. Pizzeria Italian Restaurant with tented patio outside for more customer seating and space to host events. Well established bar business. Prime location in a busy well trafficked area. Fully equipped to handle high volume operations, making it ideal for an experienced professional in the food and hospitality industry. Restaurant has an established and successful catering operation. Experienced staff already in place. Area is currently undergoing a massive growth initiative and will only experience more traffic and consistent volume. Long term lease remaining with option to extend.
With high foot traffic, a prime location and an affordable rent structure, this business is positioned for success under the right ownership. Fast track E-2 Visa, NDA and proof of funds required.
About the Business
Years in Operation
12
Number of Employees
10
Facilities & Assets
Business is a fully equipped commercial kitchen featuring high capacity pizza ovens, salad bar, 10 burner range with double oven, grill with oven, deep fryers, walk in fridge and freezer, prep stations, stainless steel worktables with refrigeration, commercial dishwasher, shelving and dough maker.
Market Outlook / Competition
This area is in the beginning of a massive growth initiative that will see traffic around the area boom. We are already seeing it. No direct competition around and this space, indoor outdoor seating is a major advantage.
Opportunities for Growth
An owner/operator of this restaurant will find instant success. Catering presents an obvious growth avenue. But a knowledgeable operator will be successful. Current owners are not involved with the preparation, cooking of the food nor are they professional managers, servers or bartenders. This presents a large opportunity for the buyer.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,800
Rent
$9,130.00 per month
Lease Expiration
1/1/2033
About the Sale
Seller Motivation
Ready to retire!!
Transition Support
I'll provide hands on training, walking the buyer and anyone they choose through daily operations, introducing them to key contacts and anything else they might need. My goal is to see the restaurant continue to grow and maintain its "where you want to be vibe". This promises to be a smooth and successful transition.
Listing Info
ID
2358516
Listing Views
2681

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Business Listed by: Joey North

Listing ID: 2358516 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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