Owner Financing is Available!
Business Overview:
Buyer MUST have some restaurant ownership or restaurant management experience. This is one of the premier, independent, high volume Pizza and Sub restaurants in the state of NH. Well known and established as a pizza restaurant since 1977. In fact the business has been visited by a number of nationally known and local personalities and is considered a local landmark restaurant. The restaurant is patronized by steady and regular clientele. Staff is trained and reliable. The menu is simple making it easy to learn. Sales have been steady at around $1,180,000 per year, or $23,000 per week, during 2007-2009. This is being done in only 6 days a week. Can easily expand to 7 days a week. Capacity is for 160 and seating for 110 inside with additional seating outside during good weather. Approximately 60% of the business is eat-in and take-out; about 40% is delivery. Included in the sale are all the restaurant fixtures and equipment, the rights to the name, rights to the telephone number and rights to the lease, a non-compete agreement and training. The business has good records and books. The business has been operated by the same family since 1987 and the only reason it is being offered for sale is because the current owner is planning to relocate outside the area. This is an outstanding and rare opportunity for an individual, partnership, or family to acquire, a high volume Pizza restaurant with plenty of upside potential for growth. Don’t miss out!
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:
The business is located a busy street, very visible, location, with an approximately 30,000 car-count in front. The location is approximately 3,000 square feet with another 2,000 square feet (approximately) in the basement available for storage. Initial term rent is $5,000 per month, including heat and property taxes, with periodic CPI increases. See lease for details. (This amount is about 5% of sales!)
Market Competition and Expansion:
Landmark pizza restaurant, well known.Growth and Expansion: May be achieved by increased marketing; expand catering, open 7 days a week (currently 6 days)
Reason for Selling:
Seller is relocating.
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.