Pizza parlor-distress sale-make offer

Hillsboro, OR
Washington County

Major Mall

Asking Price: Annual Revenue:
$45,000 $480,000

Food & Beverage: Coffee, Cafe, Dessert

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RE: Pizza parlor-distress sale-make offer Broker: Ladd McGowan-Broker
License #: 840700006
Owner Financing is Available!
50% down.

Quick Facts

Asking Price: $45,000
Annual Revenue: $480,000
Net Profit: $48,000
Cash Flow: $48,000
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 13
Employees: 13
BBN Listing #: 341728024
Broker Reference #: 537

Email or Print Listing

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Business Overview:

This shop has been successfully run for 13 years and has been absentee run for the past 7 years due to the owner becoming involved with corporate America and is becoming more involved as the years go by and he is ready to had this wonderful business over to some one how loves the restaurant business and especially the Pizza Business. This shop has an awesome menu and it continually keeps upgrading with new surprises. Its furniture and equipment are in excellent condition.
After 13 years of ownership, the seller decided last month to sell rather than renew the lease. which ends this month. As you can see, “time is of essence”. Please let the Business Broker know if you have any interest at all and make an appointment to see him with your questions. It's LETS MAKE A DEAL TIME

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Property Features and Assets:

The lease is expiring Oct 31 and the Landlord has agreed to offer a new lease to a qualified buyer. The monthly rent is presently $5,500 + 3N and a new 5 lease may be offered to the new buyer at a rate of $4,800 + 3N with a 5-year option. The shop is located in a large Mall with good visibility. The foot print is 1,500 square feet with great view through the large front windows and has some shaded outside seating. The shop is licensed for 40 people in side and 20 outside.

Market Competition and Expansion:

This restaurant has never taken advantage of the Oregon Lottery. They have never had beer/wine or hard liquor. Incorporating the OLCC and the Oregon Lottery will make significant strides toward greater gross sales. Also, just the fact that it will be run by an owner-operator, will by the owner’s presence add additional gross sale.

Reason for Selling:

Took new position with my company.

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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