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Business For Sale
PIZZERIA DELI/RESTARANT
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Asking Price: |
$175,000
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 issues |
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Year Established:
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2003 |
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# of Employees:
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1FT/2PT |
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Yearly Gross Income:
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$250,000 |
Business for Sale Overview:
The sale price has been dramatically reduced from $275,00 to only $175,000 for a fast sale which is far below the value of the assets. This business is profitable, but due to family issues it is in the best interest of the owner to sell. All written offers will be considered. *The value of fixtures & equipment is inclusive of $120,000 in tenant improvements. This is not the typical pizzeria, they also have an excellent deli menu which they do very well with. As a result of their excellent reputation and service they do an ongoing business with the local schools and hospitals. There is interior as well as outside seating, as well as pick up and delivery service. The kitchen is well equipped to handle the present, as well as additional business needs. Being in business for their fourth year they have many repetitive customers as well as continuous referral business. Additional items can readily be added to the menu, as well as extending their present catering services. Owner advises that the business is doing approx $700 a day. Financials as well as additional information will be provided to serious qualified buyers. This is an exceptional opportunity to own an established well run profitable business at a very reasonable price. A new owner can change or add to the present menu to ie: Mexican, Chinese, Greek, etc.
Property Features and Assets:
1,100 square feet, the rent with cams is only $1,706. Hrs: 7 Days 10AM-10PM. There is approx 1 year left on the present lease with 2-5 year options. Located in an active strip center on a high traffic street with excellent exposure. No competition in close proximity.
Market Competition and Expansion:
Located in the NW area which is experiencing continued high growth. Support/Training: Will assist new owner for 2 weeks, possibly longer.
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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