Highly Profitable, Legendary 50-year Pizza Parlor

Not Disclosed, NC

Piedmont Triad


Asking Price: Annual Revenue:
$457,000 $636,102

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Highly Profitable, Legendary 50-year Pizza Parlor Broker: Brian Joyce

Quick Facts

Asking Price: $457,000
Annual Revenue: $636,102
Net Profit: Not Disclosed
Cash Flow: $173,430
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: Not Disclosed
Year Established: 52
Employees: 6
BBN Listing #: 9934955
Broker Reference #: 1308-16899

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Business Overview:

Rare opportunity to purchase a unique, well-established, highly profitable pizzeria that has been a staple in its community for more than 50 years. Capitalizing on a reputation for customer service and quality, made from scratch pizzas, the restaurant draws customers from all over the Piedmont Triad and southern Virginia. Restaurant revenue declined only 17% during the height of the pandemic in 2020 while the Seller focused on revamping the business model and improving Discretionary Earnings from 22% of revenue in 2019 to 27% in 2021 (vs. industry average of 19%). New owner can take advantage of substantial growth opportunities by establishing delivery service, online and social media marketing and re-opening indoor dining.

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Property Features and Assets:

The business leases a stand-alone building on the town’s major traffic corridor, blocks away from local schools and the city's most affluent neighborhood. Assets = $78.500

Market Competition and Expansion:

Seller closed indoor dining during the pandemic and has chosen to maintain a take-out only business, preferring the simplicity of managing a smaller staff and fewer maintenance requirements. Seller also spends nominal advertising dollars (mostly local newspaper) and has no social media presence, internet advertising, or delivery service. Seller and historical data suggest re-opening indoor dining would provide an immediate 20% increase in revenue. Should a Buyer also place an emphasis on advertising, substantially greater revenue increases are highly achievable.

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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