Business for Sale Overview:
This is a profitable neighborhood pizza restaurant. A large part of the business is delivery and take-out service. The business has been at this location for 9 years and has become a neighborhood fixture with a large part of the clientèle being repeat business. It offers a diverse menu including : shrimp, oysters, whiting, flounder, gizzards & livers, hot dogs, hamburgers, chili cheese fries and 40 different flavors of wings. Traditional Italian items include pizza, lasagna, spaghetti, cannelloni, calzones, stromboli, cold & hot subs. POSSIBLE PURCHASE SCENARIO: Purchase Price: $60,000. Down Payment: $25,000 (25%): $15,000. Balanced To Be Finnanced: $45,000. Closing Costs (3% 0f Financed): $1,350. Total To Be Financed: $46,350. Annual Note Payment (7 years @ 8%): $8,669.04. Annual Owners Cash Flow: $55,092. Annual Owner Cash Flow Less Annual Note: $46,422.96
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Building Size: 1,500 Square Feet. Seating: 75. Parking: Strip Common Center Parking. Monthly Rent: $1,300 Lease Expiration Date: 04/30/2010. Hours & Days Opened: Mon - Thurs 11 to 11; Fri 11 to 12; Sat 12 to 12; Sun 12 to 9. Furniture, Fixtures & Equipment: $15,000 Included. Inventory: $4,000 Included.
Reason for Selling:
One partner is moving
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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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