Business For Sale

Pizza Place Give Away Price Great Location

Seattle, WA
King County


Asking Price: Annual Revenue:
$75,000 $361,615

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Pizza Place Give Away Price Great Location Broker: David Smith

Quick Facts

Asking Price: $75,000
Annual Revenue: $361,615
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $18,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 6
BBN Listing #: 531551531
Broker Reference #: dstrnpkepzza

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Business Overview:

Non Franchise pizza business, great high traffic location. Lots and lots of foot and drive by traffic at this location. Walking distance to one of the most visited parks in King County. So busy is this location that you’ll find selling pizza by the slice is even quite profitable. Pizza businesses in general are simple to learn, teach employees and managers. Pizza businesses have some of the restaurant industries best profit margins as food costs to make a pizza are quite low in comparison to profit line. And you do not have to be a master trained chef to make the big dough. There is lots of pizza places out there but what makes this one stand out is its uniqueness, it’s delicious east coast style pizza that looks and tastes very different from the typical pizza restaurants in Washington. It’s quite tasty and the seller is willing to give new owner all his secret recipes. Its presentation and taste next to the beautiful park setting makes this pizza place unique and one that is bound to create a lot of memories and keep your customer base coming back. Two hours free parking for customers, that’s good stuff. Seating is 35 to 40. Friendly family neighborhood feel to restaurant and neighborhood. Even outside seating is available. This is not a franchise so no franchise fees or royalties to pay and no one telling you not to be creative. Eight years established so already has a long loyal niche customer base on which you can continue to build on. Currently open seven days a week, and operated by 3 full time employees and 3 part time employees. Owner is absentee owner, he has a full time job. Because the owner is absentee owner so many money making opportunities are being missed out on. Labor costs are higher, personal relationships with customers in the neighborhood are not being developed and it all adds or does not add up on the bottom profit line. Catering accounts are being missed out on too. Current lease expires Sept 2019 but has a 5 yr option to keep the lease alive. Base lease is only $5,200 per month. About 1,500 square feet, type 2 hood in place. With the exception of the soda machine which is leased all other equipment is owned and is included in the sale of this business. Other ways to increase profits besides owner operator, is to offer delivery service as currently there is none offered. Add pastas, sandwiches or salads to the menu they are great finger foods that can also be eaten by park goers. There is a lot going on at this park and this pizza restaurant has a front row seat to all of it. Has can’t miss signage and visibility. No similar competition anywhere close by. The price is negotiable, as seller is motivated so all serious offers will be considered. Excellent profit margins on pizza, easy business to learn and train the help. Super duper location, free parking, unique niche pizza turnkey business, it’s all here. Contact us to set up a come check it out type thing.

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Property Features and Assets:

Base lease is $5,200 per month tenant also pays Triple Net of $900 and Property Tax of $850 per month. Lease expires Sept 2019 but has a 5 year option to renew. Lease is assignable as well. Two hours free parking for customers. About 1,500 square feet and seating capacity is about 35 to 40. Some additional seating outside as well. Has type 2 hood system in place. With exception of soda machine all equipment is owned and included in the sale of this business. Great unique pizza recipes included.

Market Competition and Expansion:

Because the owner is absentee owner so many money making opportunities are being missed out on. Labor costs are higher, personal relationships with customers in the neighborhood are not being developed and it all adds or does not add up on the bottom profit line. Catering accounts are being missed out on too. Other ways to increase profits besides owner operator, is to offer delivery service as currently there is none offered. Add pastas, sandwiches or salads to the menu they are great finger foods that can also be eaten by park goers. There is a lot going on at this park and this pizza restaurant has a front row seat to all of it.

Reason for Selling:

Seller moving out of state.

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 a franchise resale opportunity.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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