Popular Pizza Business In Bend OR

Business Overview:

This well-established, award-winning, pizza business has been thriving for 13 years with a motivated owner. The restaurant has a warm and inviting vibe, and serves pizza, sandwiches, calzones, and fresh salads, all made from scratch with proprietary recipes. A robust 80% of gross sales are 'to-go or take-out' orders. The shop also serves 12 local micro beers, ciders, hard seltzer, and Kombucha, all on tap. It has a 'Limited On Premiss,' OLCC-approved license in place. It is located in a bustling and ever-expanding neighborhood of Bend, Oregon EG11170

The amounts shown as Gross Revenue and Cash Flow are for 4 months ending May 2023. The rent is $3,004 and is $888 for NNN. The lease can be extended to 2028. It is located in an established shopping center next to Starbucks. It has excellent exposure on one of Central Oregon's busiest commuter thoroughfares (30-40,000 vehicles per day). There is excellent free parking and it is across the street from major businesses, including Barnes & Noble, Costco, Wilco & more. All equipment, prep stations, reach-in coolers, freezer, ovens, sinks, POS system, furniture, computers, back-stock & inventory.

The location is surrounded by exponential growth & expansion of both commercial & residential. The population increase would easily justify adding locations within the next 2 years. As of 1/23/2023 City approved 'Parkside Place' - a 346-unit development with rentals &homes for purchase which would be less than 1 mile from the restaurant. (House Bill 4079) as well as Steven's Tract (approx. 1500 homes) 2 miles to the south and Petrosa (approx 1000 single family & townhomes) 2 miles to the north. Buyer must have proof of Pre-Qualifying Loan Documents prior to NDA.

1200 square-foot future expansion possible. EG11170

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Property Features and Assets:

The amounts shown as Annual Revenue and Cash Flow are for 8 months ending August 2023, The current lease will expire on 5/31/2025, Lease can be extended to 2028, Rent is $3,004 including $888 for NNN, Square Feet 1,200 Hours Monday thru Saturday from 11 am to 8 pm, Closed Sundays. Located in an established shopping center next to Starbucks. Excellent exposure on one of Central Oregon's busiest commuter thoroughfares (30-40,000 vehicles per day). Excellent free parking. Across the street from major businesses, including Barnes & Noble, Costco, Wilco & more. All equipment, prep stations, reach-in coolers, freezer, ovens, sinks, POS system, furniture, computers, back-stock & inventory. Email Susan Costa to get more information about this award winning pizza restaurant Earnings for 2023 to date are $ 59,443

Market Competition and Expansion:

Location surrounded by exponential growth & expansion of both commerical & residental. Pop. Increase would easily justify addl. locations within the next 2 years. As of 1/23/2023 City approved 'Parkside Place' - a 346 unit development with rentals &homes for purchase - LESS THAN 1 MILE FROM RESTAURANT. (House Bill 4079) as well as Steven's Tract (approx. 1500 homes) 2 miles to the south and Petrosa (approx 1000 single family & townhomes) 2 miles to the north. Buyer must have proof of Pre-Qualifying Loan Documents prior to NDA.

Reason for Selling:

Retirement

Additional Details:

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