Absentee-owned Local Pizza Restaurant With Lottery

Business Overview:

Established in excellent location going on 14 years. Near a college campus with ideal demographics and outdoor seating. This absentee-owned pizza restaurant has an experienced management team in place. Part of a popular pizza brand franchise, this re-sale opportunity comes complete with all the support, training, purchasing power, marketing and benefits the franchisor provides. Known for their delicious and unique varieties of New York style pizza sold as whole pies or by the slice along with a full menu of various appetizers, salads, sandwiches, and pastas. Concept is designed to provide a family friendly atmosphere along with separate space with a full bar and Oregon lottery. Eat in, take-out and delivery provided with on-line ordering. Sale contingent upon buyer approval by franchisor and will require negotiation of new lease.

This pizza restaurant location opened in 2009 as part of an expanding local franchise that had been around now for 30 years. Owner selling to focus on core business.

There are 3 other pizza restaurants within 5 blocks in the dense urban area. This location has better seating, outdoor seating, full bar, better ratings and slices!!! According to Pizza Quarterly Magazine, the pizza industry has bounced back after a rough patch. From October 2021 through September 2022, total U.S. pizza sales climbed 3.08% Source: '2023 Pizza Power Report”.

Even with inflationary pressures, sales are up about 30% for each of the last two years (’21 & ’22). Still, there’s plenty of upside to get to historic sales levels. Encouragingly, businesses “return to work” policies may help continue this trend. Also, lottery revenues could be boosted by allocating more floor space for machines.

Corner, street front, urban retail location with outdoor seating.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Other business interests.

Additional Details:

Relevant Links:

• View more Oregon businesses for sale
• View more Businesses For Sale in the same industry
• Sell a business online
• Find a business broker