Seller's Contact Information
- RE: Franchise Gourmet Italian Kitchen
- Contact: Moon Kim
- License #: 567204
Quick Facts
| Asking Price: | $599,000 | |
| Annual Revenue: | $1,184,665 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $233,172 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 125,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2009 | |
| Employees: | 15 | |
| BBN Listing #: | 538419188 | |
| Broker Reference #: | 001234 |
Business Overview:
Prime location Italian and Pizzeria franchise restaurant with over a million dollars in sales and continuing to grow is available for acquisition. This establishment’s location is every restaurateur's ideal location, as it’s located in an Endcap space of a mixed-use development that occupies 2,578 SF and is located next to a major highway that is highly visible with ease of access. The restaurant is fully staffed with a general manager in place and the current owner works part-time handling books, payroll and engaging with regulars. The customer base is predominantly upper-middle-class individuals and families with similar social standings. Both revenue and profit margins have been increasing for the last 3 years, surpassing $1 million in revenue in 2021 and projected to hit almost 1.2 Million in 2022. This restaurant offers a niche product that requires special equipment and ingredients, making it harder to compete while providing customers with a unique experience and allowing this establishment to stand out even in the extremely competitive restaurant industry. The restaurant's menu consists of pizzas, pasta, salads, soups, sandwiches, and desserts along with a drink menu that includes beer and an extensive list of wines from house wines to others that are in the hundreds. The business is active with their marketing efforts from both corporate and at the local level, but there is much more that can be done to fully utilize current marketing trends to highlight the restaurant, given its niche product and location. A restauranter with a track record of strong operations and management skills will be able to continue the growing trend of the restaurant.
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Property Features and Assets:
This establishment is in an Endcap space that occupies 2,578 SF of a mixed-use development located next to a major highway that is highly visible with ease of access. All equipment has been maintained and is in excellent condition. / Inventory: $20,000 (Included in listed price).
Market Competition and Expansion:
Competition: This pizzeria has a niche product that many pizzerias don't have on their menu. Adding such a product to the menu requires planning, knowledge, and large capital expenditure for any pizzeria to properly execute. There are other pizzerias that have a similar product but are not direct competitors due to the distance. / Growth and Expansion: This restaurant has shown a trend of double-digit percentage growth for the last 3 years and is expected to continue this trend. Online marketing could be improved as the restaurant currently does have an online presence and other sources of marketing but additional trendy marketing could be utilized to help the restaurant's full potential.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
Documents:
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