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Business For Sale
MAKE A LOT OF DOUGH WITH PIZZA & PASTA RESTAURANT
Attn:
LOREN MARC SCHMERLER
Metro Atlanta, GA, USA
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Listing Number: "10400696"
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Listing
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Asking Price: |
$185,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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Family health reasons. |
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Year Established:
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The business opened in 2003. |
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# of Employees:
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6 full ime and 11 part-time. |
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Yearly Revenues:
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$421,141 |
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Yearly Cash Flow:
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$57,648 |
Business for Sale Overview:
Right Owner Can Make A Lot Of Dough With Pizza And Pasta Restaurant *** This family pizza and pasta is an established family friendly restaurant in metro Atlanta. Population is currently just over 200,000 with over 45,000 in the 3 mile radius surrounding the restaurant. The restaurant opened in early 2003 and quickly became a popular location for local residents looking for quality pizza, fresh made pastas, salads, beer and wine. The current owners purchased the business in April, 2005. The restaurant had hit a low point in sales and reputation, but still had a loyal following that they felt they could build upon. They knew that they could offer better quality and higher service levels than the previous owner. They concentrated on revamping the menu using recipes from our previous years of experience in the restaurant business. In addition, they worked diligently to provide higher levels of service to their guests. They were able to increase sales from just under $30,000.00 per month to more than $50,000.00 per month in the first year of ownership. As further evidence of their efforts their restaurant received an award in 2006. Anchored by a high volume grocery store, the center has provided steady increases in business and a very high level of satisfaction for their guests. The new space is just over 4,900 square feet, and has a separate bar and private dining space which they use for special events. These popular events bring significant additional revenue to the business. A savvy entrepreneur could grow the business substantially by focusing on catering, To-Go orders and possibly adding delivery service.
Property Features and Assets:
4,960 square feet at $8,267 per month; 5 year lease with 5 year option; Owner can give back 1,600 square feet during December 2008 and have rent reduced pro rate.
Market Competition and Expansion:
Competition: This restaurant has the highest quality products in the area. ***
Growth and Expansion: More marketing. Visiting schools, churches, sports leagues, etc.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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