Drive-Through Pizza Joint

Not Disclosed, CT

Northeast Connecticut


Asking Price: Annual Revenue:
$490,000 $983,718

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Drive-Through Pizza Joint Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $490,000 15% Buyer Down Payment: $73,500 15% Seller Financing: $73,500 70% Bank Loan: $343,000

Quick Facts

Asking Price: $490,000
Annual Revenue: $983,718
Net Profit: Not Disclosed
Cash Flow: $153,108
Total Debt: Not Disclosed
FF&E: $146,679
Real Estate: Not Disclosed
Year Established: 2009
Employees: 20
BBN Listing #: 732234398
Broker Reference #: RST008

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Business Overview:

With 90% of sales being takeout and self-performed delivery, this homemade pizza joint includes over $150,000 in assets upon its purchase! Located in Northeastern Connecticut, this restaurant serves pizza 50% through takeout and drive-through, 40% through delivery, and the other 10% through dine-in and catering. It is the only pizza joint in its market that offers a drive-through option. The company was established as a small take-out pizza shop in 1986 by the current owner’s father; the owner opened this location in 2009. Because of the long history in the community, this restaurant has a strong brand presence, being a long-term staple in the area. There are 20 qualified and reliable personnel in place with 3 being full-time and 17 being part-time. The full-time manager, assistant manager, and shift supervisor take care of the daily activities, allowing the owner to only handle general oversight.

Due to COVID-19, the pizza joint had to close for two weeks. But even so, the sales are up from last year given that dine-in was only 10% of sales before COVID-19. They plan to open limited dining soon. With an expansion in catering and alcohol sales, this restaurant would see continued growth.

Valued at almost $500,000, a 15% down payment of $73,500 returns $90,335 in the first year after debt payments, which is a 124% return on investment.

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Property Features and Assets:

Lease: 2,700 square feet: 54 seats inside, outdoor patio, and drive-through.

Reason for Selling:

Family

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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