Business Overview:
Real turn key operation. 20 years in business, well known local brand name, reputation for good food, high traffic location with ample parking, and inside a large center with hundreds of shoppers daily. 3,000 square feet, 80 seats, experienced staff with 4 cooks and a manager. Selling variety of Pizzas, Italian foods and other popular foods - something for everyone. All equipment and fixtures are in good condition. The average area residents spend $6,500 on dining out. There are hundreds of large and small businesses all around with well paid employees. Current owner did not have experience in the food/restaurant business and sales are down to $450,000. Experienced operator can bring it back to $600,000 to $700,000.
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:
Located on a major hwy with access roads that provides easy access to the business. It is located in a large shopping center with major tenants that pull in hundreds of shoppers on a daily basis. Large parking lot provides ample parking. The business has been in that location for 20 years and is well known in the area. The premises are 3,000 square feet and 80 seats.Total monthly rent is $5,850 (very reasonable for that size and area) Lease expires 2012 + 5 years option.
Market Competition and Expansion:
Like in any other city this business has competition, however being non-franchise gives it flexibility to the kind of foods and suppliers. Strong brand name was build over 20 years to make it well known and ready to expand to a new location.
Reason for Selling:
Semi-retiring
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.
Resources: