Two High Vol. Specialty Pizza & Italian Restaurant

Not Disclosed, VA

Hampton Roads

Asking Price: Annual Revenue:
$595,000 $2,285,059

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Two High Vol. Specialty Pizza & Italian Restaurant Broker: Frank Chebalo

Quick Facts

Asking Price: $595,000
Annual Revenue: $2,285,059
Net Profit: Not Disclosed
Cash Flow: $162,287
Total Debt: Not Disclosed
FF&E: $98,659
Real Estate: Not Disclosed
Year Established: 2010
Employees: 60
BBN Listing #: 38054955
Broker Reference #: 2007-17252

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Business Overview:

Two grand high-volume well adorned locations highlight this opportunity. Specializing in Hand Tossed Pizza & Italian Dishes, the locations literally have something for everyone including Calzones & Stromboli, Subs, Burgers, Salads and more. The facilities offer up an entire Italian line up but also included are American specialties made only with the freshest quality ingredients. The menus include a great children's menu and tantalizing deserts to round out every dining experience. A well-known, well-established brand, the locations operate seven days a week with full service from late morning to late night. And enhancing customer service the businesses include a sophisticated online ordering and delivery service. On location the sites have full liquor licenses and host happy hours every day.

Established in 2010 these two locations offer comfortable and relaxed indoor seating and at the same time are known for their ability to put a great meal together for takeout convenience. The locations from an exterior view and their inviting interiors offer up superb buildouts in key strategic locations.

Earnings are understated because of the fallout caused by the pandemic and most currently a strategic decision to relocate their second location. That move, while it substantially increased growth potential, resulted in a three-month shut down. That loss of performance from one location reduced earnings by almost one half. The good news is the relocation is complete and the location is growing rapidly. By the end of this year the owner is anticipating top line revenue to be pointing above three million dollars for 2023.

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Property Features and Assets:

Two locations complement this opportunity. The first location has been in operation over 12 years. A prime location in a high traffic very popular upper end strip center. The second is a stand-alone facility with plenty of overflow parking, main road frontage on a busy road in a rapidly expanding area. The space has been approved for an outdoor dining area. Both locations are each over 3,000 square feet with a combined lease cost of $14,400 per month. Assets = $192,624

Market Competition and Expansion:

Growth potential is very large as customer participation continues to grow post pandemic. Establishing the name and brand in the second, newer location is a current effort affording great opportunity for the overall growth of the combined businesses.

Reason for Selling:

Pursuing 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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