Business For Sale

Italian Restaurant & Pizzeria-Renovated-Financing

St. Simons Island, GA
Glynn County


Asking Price: Annual Revenue:
$189,000 $210,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Italian Restaurant & Pizzeria-Renovated-Financing Broker: Steve Josovitz
License #: 164878
Owner Financing is Available!

Quick Facts

Asking Price: $189,000
Annual Revenue: $210,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 3
Employees: Not Disclosed
BBN Listing #: 994329193
Broker Reference #: 1845

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Business Overview:

Beautiful Fully Renovated Pizzaria/Restaurant Available on St. Simons Island, GA 31522.

Authentic Italian Restaurant Brick Oven Pizzeria.

Very Efficient Operation with 3,200 Sq. Ft. Fully Remodeled Italian Restaurant Pizzeria.

Plenty Of Parking, Good Visibility, And Signage.
Minutes Off FJ Torres Causeway And Minutes From St Simons Lighthouse Village And Shopping. Airport, And Relaxing Family Oriented Beaches. A Few Miles From Sea Island, Jekyll Island, Brunswick Shopping, Sams Club And Minutes From Restaurant Depot And Costco In Jacksonville Fl.

Sale Includes Recipes, Fixtures, Furniture And Equipment (FF&E $80,000 Includes Comps And Software $7,500); Supplies (Inventory $7,000);
3 Monitor Comtrex POS System Comtrex Software With Back Office.
2 Phone System With Main Telephone Number And Two Extra Roll Over Numbers And Security Systems.

Offering Dine-In, Take-Out, And The Island Offers A Delivery Service, Making This Service Cost Effective.

Sales Gross Estimate:
“2016” $350,000 (We Were Open For Lunch And Dinner 7 Days A Week In 2016)
“2017” $210,000 (We Are Open From 5 Pm to 10 Pm 6 Nights A Week Since January 2017).

County, State, Vendors, Computer Support And Repair, And Equipment Repair, And Utility Repair Information Available.

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Property Features and Assets:

Plenty Of Parking, Good Visibility, And Signage. Minutes Off FJ Torres Causeway And Minutes From St Simons Lighthouse Village And Shopping. Airport, And Relaxing Family Oriented Beaches. A Few Miles From Sea Island, Jekyll Island, Brunswick Shopping, Sams Club And Minutes From Restaurant Depot And Costco In Jacksonville FL. 3,200 SF. Restaurant Is Full Service With Lease In Place. Business Is Liquor Licensed With Full Operating Wine Bar. Bar Seating 32 – 34 People, Dining Area Seating 46, Pizza Area Seating 14 Restaurant Seats Up To 94 People. Building Owner/Landlord Is Very Fair, Keeps Up Building Facade With Yearly Paint and Power Washing and Landscaping. Restaurant Operates 6 Days a Week Monday – Saturday 5 Pm to 10 Pm. Offering Dine-In, Take-Out, And The Island Offers A Delivery Service, Making This Service Cost Effective. Expenses Per Average Monthly: Rent: $3,800 Electric: $1,100 Gas: $289 Tele/Int/TV: $249 Water: $135 Payroll: $1,200 Licenses: $180 Liquor: $320 Insurance: $520 Repairs/Main: $30 Supplies/Paper: $10 Linens: $250 Exterminator: $95 Lease Equip.: $85 Merchant Fees: $600-$700 Advertise: $50 Total Monthly Expenses: $8,913 Yearly Expenses: $106,956 Payroll Period 1st and 15th of Every Month to Keep Payroll Taxes Down and to Split the Monthly Costs. Average Payroll Taxes are $300-$341 Per Payroll Period Totaling $600 to $700 Per-Month Payroll Taxes As Of December 2017. Sales Tax Monthly Range From $700 to $800 Per-Month For St Simons Island Ga, As Of December 2017.

Market Competition and Expansion:

Potential Sales Growth: Offering In House And Off-Site Catering, Weekly Specials, On-Line Ordering, There Are Opportunities To Participate At Island Events Monthly. Which Are Excellent Exposure When Not Sending Menus, Advertising In Brunswick, And Jekyll Island. Social Media: Website, Single Platform Menu, Google Menu, Facebook Page, And Website. All Is Optional For New Buyer. Advertising: Island Magazine, Menu Distribution, And All Hotel Advertising Paid In Full For 2018.

Reason for Selling:

Other interests.

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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