Owner Financing is Available!
Business Overview:
This business is located in the thriving shopping center anchored by Fred Meyers and Regal Cinema's. The current owner is only part time due to having to spend time out of State on his other businesses. The business serves a buffet all - you - can - eat for both lunch and dinner. It also has an expanded menu offering, pizza, specialty pizza's, calzones, salads, appetizers, pasta, Sub sandwiches, desserts, ice cream, and beer and wine. The business occupies 4,160 square feet with 2 banquet rooms, seating for over 155, a game and vending area, a buffet station, and a large kitchen. There is dine in, take out, delivery, catering, and online ordering. This is the only dine in and sit down pizza restaurant in town. The business caters to the local schools and churches. The new owner could easily raise the prices on the menu and not lose any of the competitive advantage for the business. This is a profitable growing business and the Seller must attend to his businesses in Texas - Seller's Loss Your Gain. Very motivated Seller and priced to sell.
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:
This business is located in the thriving shopping center anchored by Fred Meyers and Regal Cinema's. It has been an icon in this city since 1999. The business occupies 4,160 square feet with 2 banquet rooms, seating for over 155, a game and vending area, a buffet station, and a large kitchen.The base rent for the first year is $4,853 plus NNN charges of $2100 and the second year ther base rent is $5,200 plus NNN charges. The Lease runs till 2/28/2014 and has two 5 year options to extend.
Market Competition and Expansion:
This is the only dine in and sit down pizza restaurant in town with a full line buffet lunch and dinner. It is a meeting place for the schools, the athletes, and the churches. It is the only pizza restaurant offering catering. And it has been an icon in this city since 1999.
There are many ways a new owner could increase the revenues for this business. The owner just started the delivery and catering services and these could be promoted much more. In a smaller town like this that can be extremely profitable. This is the only sit down pizza and buffet restaurant in town. The new owner could promote more birthday parties and gatherings for the schools and churches - both for lunch and dinner, the current owner has not promoted this aspect of the business at all. The current prices are very low and the new owner could easily raise them and still have a competitive edge over his competition.
Reason for Selling:
The Seller owns other businesses in Texas
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.