Business for Sale Overview:
Established and profitable suburban Pizzeria & Sub Shop with plenty of upside for an owner operator. With this Point of Sale System, customer list, and phone number you won’t miss a beat as you step into this turnkey opportunity. The current absentee owner is clearing approximately $37,000 a year. A good owner operator could expect to clear $80,000-$90,000 with this opportunity.
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:
Facility: This is a storefront facility located on Water Street with good visibility. The space is approximately 1,500 square feet and contains 25 seats with a functional layout.
Condition: The building and restaurant are in Good condition.
Parking: There is plenty of on-street parking.
Equipment: Has been well maintained and is of good quality.
Lease Term: Nine (9) years remaining on the lease with one Ten (10) year option.
Base Rent: $1,400 NNN per month (which includes everything except the utilities)
Concept: Pizzeria, Subs & Italian fare
Seating: 25 seats
Hours: 11:00AM –11:00PM.
Restrictions: None
Licenses: Common Victual’s
Sales: Approximately $355,400 per year
Cash Flow: Approximately $37,000 (this is with an absentee owner)
Price: $180,000 with $100,000 down or $160,000 Cash.
Reason for Selling:
They have multiple locations
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.