Peabody - Danvers Italian Kitchen & BUSY Pizzeria

Peabody, MA
Essex County

Peabody - Danvers Area


Asking Price: Annual Revenue:
$350,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Peabody - Danvers Italian Kitchen & BUSY Pizzeria Broker: Betsy Masucci
Owner Financing is Available!
Down Payment Only $150,000

Quick Facts

Asking Price: $350,000
Annual Revenue: Not Disclosed
Net Profit: $200,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 920419596
Broker Reference #: EM 2485

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Business Overview:

SELLING PRICE: $350,000
DOWN PAYMENT: Only $150,000

SALES : $20,000/week (approximately $1M per year and more room to grow)
LEASE: $3,500/month (only 4% of sales) Years LEFT: 7
SQUARE FOOTAGE: 1,542 square feet.
SEATING: 29 seats
HOURS OF OPERATION: 6 days, closed Mondays. 10AM - 9 PM
COMMENTS: PIZZERIAS ARE THE HOT SECTOR OF THE HOSPITALITY MARKET! Located in a very active shopping center with unlimited parking. Very popular take - out and delivery. Extensive catering business, as well. This business has provided a lucrative lifestyle with husband and wife working together. Only seasoned buyers considered.

SERIOUS,EXPERIENCED FINANCIALLY ABLE BUYERS ONLY!

EASILY NETS $150,000 - $200,000/year
Contact Betsy. (617) 840-5606. betsy817@verizon.net

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Property Features and Assets:

Located in busy shopping center...loyal customer base.

Market Competition and Expansion:

If you can be satisfied working 6 days per week and earning $150,000 - $200,000 per year for your efforts...THIS IS THE PLACE FOR YOU! OR... Possibility to increase volume by staying open 7 days.

Reason for Selling:

Partnership Problems.

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.

Relevant Links:

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