40 Year Northern Kentucky Independent Pizzeria

Falmouth, KY
Pendleton County


Asking Price: Annual Revenue:
$395,000 $1,020,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: 40 Year Northern Kentucky Independent Pizzeria Broker: Dan Long

Quick Facts

Asking Price: $395,000
Annual Revenue: $1,020,000
Net Profit: Not Disclosed
Cash Flow: $220,000
Total Debt: Not Disclosed
FF&E: $53,000
Real Estate: Not Disclosed
Year Established: 1980
Employees: 17
BBN Listing #: 154916072
Broker Reference #: 1122

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Business Overview:

The retirement aged owner of this landmark pizzeria enjoyed his best year in 2020 with sales over $1,000,000. This is a 4,700 square foot pizzeria that sits on close to 1 acre with seating for 140 and parking for over 65 cars. The pizzas are baked in 3 brick ovens along with serving pastas, salads, sandwiches, chicken wings, desserts, soft drinks and beer. The business is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Highlights include:

SBA loan qualified
POS System in place
Price includes all inventory
Real estate available to purchase
Dine in – delivery – carryout available
Price includes $55,000 value of equipment
Building & equipment in excellent condition
Excellent long - term management staff in place
Clean books and records – all numbers are verifiable
Owner earnings over $276,000 if one buys the property
’18 sales $722,000 – ’19 sales $813,000 - '20 sales $1,020,000

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Property Features and Assets:

This is a 4,700 square foot pizzeria on 1 acre with seating for 140 and parking for 65 cars. It has been well maintained both on the exterior and interior with good equipment.

Market Competition and Expansion:

This is the landmark pizzeria in this area. Generations of families frequent this pizzeria for great food and great atmosphere. Competition certainly exists, but this is the best in town.

Reason for Selling:

Retirement

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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