Seller's Contact Information
- RE: Busy Pizza Restaurant With Seller Financing
- Contact: Bob Leone
Quick Facts
| Asking Price: | $250,000 | |
| Annual Revenue: | $879,497 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $266,429 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $25,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1989 | |
| Employees: | 15 | |
| BBN Listing #: | 159311185 | |
| Broker Reference #: | 170-08404 |
Business Overview:
*Contract Pending /Accepting Backup Offers*
This is a perfect Mom & Pop operation a husband and wife have run it for many years, reaping the rewards of making the "BIG" money. Now as they are aging, they have hired more labor and make less. But a strong couple can work hard, or keep it as is, and make a great 6 figure income.
Wow, what a deal plus only open 6 days a week since end of 2021. Covid proof, Undervalued lease @$2.65 sq. ft. Set behind the main road by two outparcels. This place does 70-80% take-out and delivery. Might say PIZZA but that only accounts for 14% of the sales. Cold & Hot Subs, Wings, Gyro, Salads, Cheese Steak, Calzone, Stromboli. All this in 1150 sq.ft. with seating for 42. Real money maker, run like your typical pizza shop. Owner keeps very detailed records to show exactly what comes in. 38% CASH, 62% credit card. Situated in a very blue-collar neighborhood. Tax returns available during due diligence. Seller financing available for pre-qualified buyers with industry experience. 2021 back to pre-pandemic numbers. These numbers represent 2 full time new owners working 40 hours a week each.
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Property Features and Assets:
Inventory: $4,000 (included in the asking price). Lease/Month: $3,050. Square Footage: 1,150. Building Type: Strip Plaza. Terms & Options: 5 with a 5 year option. Expiration Date: 10/31/2023. Leasehold: $50,000.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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