Pizza/Pasta Restaurant - Very Profitable - SW MO

Not Disclosed, MO
Greene County

Located on a street with very high traffic

Asking Price: Annual Revenue:
$379,000 $903,023

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Pizza/Pasta Restaurant - Very Profitable - SW MO Broker: Jerry Myers
Owner Financing is Available!
Seller will consider providing some owner financing if required by lender.

Quick Facts

Asking Price: $379,000
Annual Revenue: $903,023
Net Profit: Not Disclosed
Cash Flow: $150,354
Total Debt: Not Disclosed
FF&E: $55,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: 25
BBN Listing #: 804334791
Broker Reference #: 42014309

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Business Overview:

• Business is well established
• Sales are up 3% in 2019 over 2018, through September
• Special rules allow for the business purchase to be financed over 25 years instead of 10
• Substantial growth potential by adding catering services. Current sales and profitability do not
include any catering revenues, since the current owner does not offer catering.
• Immediate profitability – take over one day, be profitable the next
• Seller will train
• SBA financing available, which means lower down payment requirements and longer terms. Because of the real estate involved, the payment terms will be 25 years on both business and real estate.
• Seller will sign a non-compete agreement

The Discretionary Earnings of the business for 2018 of $150,354 are AFTER deducting the estimated debt service (loan payments) on the purchase of the real estate.

The real estate is available through VR's sister company Professional Real Estate, and is offered for $460,000, the value at which the property was recently appraised.

This is a great business at a great price, with lots of potential for growth.

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Property Features and Assets:

The business is operated in a building on a site of approximately 25,740 sf. The asphalt parking lot was resealed and striped in 2018 and has 2 handicap spaces and 27 other parking spaces. The outdoor patio seats 8 and there is also a 10’ x 16’ shed for storage. Inside, there are two dining areas and a front counter/bar that together seat 94. There is a large kitchen/prep area, 2 restrooms, and a small office. The walk-in cooler is 180 square feet in size. The real estate is available through VR’s sister company Professional Real Estate, LLC, and is listed for $460,000.

Market Competition and Expansion:

The primary competition is Little Caesars, Dominos, a Casey’s gas station and a Pizza Hut. While some competitors offer lower prices, the owner thinks they are of inferior quality. The owner points out that having a sit-down restaurant with servers allows them to provide a level of customer service that the delivery and take-out competitors can’t offer, which is why his restaurant is able to compete so well against national and local competitors. The seller believes that expanding delivery would be one way to increase sales. He thinks a new owner could expand the geographic area that they deliver to as well as offer this service during the lunch hour. Currently, only about 10% of sales are from delivery. Catering is another option for increasing sales. The current seller does not currently offer catering services but routinely gets asked to provide this service. A new owner should also consider adding a drive-thru window.

Reason for Selling:

Seller Needs Proceeds From Sale.

Additional Details:

  • The property is owned.
  • 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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