Established, Profitable Pizzeria . Owner to retire

Not Disclosed, NC
Wake County

Asking Price: Annual Revenue:
$225,000 $600,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Established, Profitable Pizzeria . Owner to retire Broker: George Bradbury
Owner Financing is Available!

Quick Facts

Asking Price: $225,000
Annual Revenue: $600,000
Net Profit: $90,000
Cash Flow: $90,000
Total Debt: Not Disclosed
FF&E: $27,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 8
BBN Listing #: 58066351
Broker Reference #: PIZZA5 *716*

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Business Overview:

Business Description:
This pizzeria was purchased from previous owners almost 10 years ago and these owners have established this business as one of the most popular pizzerias in Raleigh. They have increased revenue year after year. From 2019 to 2020, revenue increased by 100k and it is on pace for another 100k increase this year. All this has been accomplished without reliance on delivery apps, no online ordering, and no POS system to better map out deliveries. There is still plenty room to grow this business. One of the 2 owners is looking to retire and will consider financing a portion of the sale for the right buyer.

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Property Features and Assets:

Historical Summary: This location has been historically a very successful for a pizzeria. There has been an Italian restaurant in the same place for almost 30 years.

Market Competition and Expansion:

Competition: There are the usual chain pizza places in their market, but no authentic Italian restaurants. Potential Growth: The restaurant currently does not use online ordering. It is felt the online ordering would increase sales for the customers that prefer it and would increase efficiency lowering costs. Currently the restaurant only uses their own drivers, using delivery apps would increase their appeal to a broader customer base.

Reason for Selling:

The owner is 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.

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