Business for Sale Overview:
The owner has spent $370,000 on this nicely designed and equipped Pizza and Pasta restaurant with beer and wine. Its been built from scratch in 2007 in a huge, new shopping center, neighboring with other restaurants, retail shops and upcoming 29,000 square feet super market.
All kitchen equipment and fixtures are brand new and less than three year old. It has display kitchen setup, with big hood, conveyor oven, walking refrigerator, burner, fryer and much more. There is plenty of parking and great access to the center from all directions.
90% employee run operation. Business needs hands on owner operator as the current owner works the restaurant only 5 hours a week.
You must see to understand its true value and potential. The owner is very motivated.
Asking price $170,000 / Cash.
Gross Sales $ 228,000 Per Year.
Demographics: Total population 34,866, White 73%, Black- 2%, and Other 25%
Established: 2007
Size: 1,440 square feet.
Rent: $ 3,600 / $2.50 square feet
Lease terms: Expires June 2012 plus one 5 years option.
Kitchen: Hood, conveyor ovens, walk-in refrigerator and more.
Seating capacity: 30 (including outside)
License: Beer and wine.
Parking: Ample.
Business Hours: 7 days / regular hours 11-10pm and Sun 12 - 9pm.
Payroll $5,000
Fixtures, Furniture & Equipment $120,000
Seller will provide training for 2 weeks at 20 hours per week.
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.
Reason for Selling:
Other Business Interest
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.