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- RE: Medford/Somerville Greek Style Pizza & Subs
- Contact: John F
Quick Facts
| Asking Price: | $225,000 | |
| Annual Revenue: | $600,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $100,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2020 | |
| Employees: | 3 | |
| BBN Listing #: | 992925 | |
| Broker Reference #: | JR170 |
Business Overview:
HOT~HOTDAVIS SQ. area, Somerville TUFTS College~~ Casual ItalianTake-Out (Pizza, Subs, Wraps, Pasta)
SELLING PRICE: $225K SBA financing readily available with 10% down
SALES VOLUME: Strong $11K per wk..............60% Delivery
LEASE: $2,675/mo. includes NNN (only 5% of sales)
Years left: 2.25 years + 5 years option to renew
SQUARE FOOTAGE: 1,170
HOURS OF OPERATION:6 days…Wednesday-Monday 11am-Midnight
SEATING:10
COMMENTS: Davis Sq. is a major food & beverage mecca…the area draws from EVERYWHERE.This is a clean, simple operation with a strong repeat customer base.
The place lacks ‘personality’. Your investment will be back in your pocket within a couple of years. Check out the facility, go over the books…this is a rare opportunity to be part of the DAVIS SQUARE mystique.
Contact the Seller:
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Property Features and Assets:
Located just blocks from Tufts University, and MIT. Down the street from Davis Sq. in a heavily populated neighborhood. Operation is efficiently set up with plenty of equipment and a dry basement for storage and seating for ten.
Market Competition and Expansion:
Competition in the town but not very close by. Add catering and party platters.
Reason for Selling:
Want to try something elseAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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