Pizza Shop - Great Location - Must Sell

Not Disclosed, PA
Lancaster County

Asking Price: Annual Revenue:
$120,000 $360,000

Food & Beverage: Production - Bakery, Farms, Winery

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RE: Pizza Shop - Great Location - Must Sell Broker: Lyn O'Neal
Owner Financing is Available!
$60,000 down/ $60,000 for 72 months @ 7%

Quick Facts

Asking Price: $120,000
Annual Revenue: $360,000
Net Profit: Not Disclosed
Cash Flow: $51,448
Total Debt: Not Disclosed
FF&E: $65,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 8
BBN Listing #: 64234955
Broker Reference #: 2602-14110

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Business Overview:

This restaurant is a pizza shop with take-out and delivery. The menu also includes various sandwiches and Italian items. The seller has another restaurant in another state that he has owned for about ten years. He wanted to grow this location and has been traveling between the two locations since it opened in August of 2017. The owner works seven days per week and has a 90 minute commute between the restaurants. However, due to recent health issues, traveling has become very difficult. The owner is in a position where he needs to sell.
The seller spent over $70,000 in 2017 in preparation of opening the restaurant. Most of that amount was spent on the purchase of equipment. All of the equipment is included in the sale. Remodeling was also done before the restaurant opened. Remodeling includes a new front counter and enclosing the kitchen and creating a window counter. A new owner can step in and start operating the restaurant immediately; everything that is needed is in place. The restaurant is located in a very high traffic area.
This is a great opportunity for the right buyer!

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Property Features and Assets:

This is a stand alone building with ample parking, seating for 50 and in a very high traffic location. Assets: $75,286

Market Competition and Expansion:

The competition is from local pizza shops. This restaurant is in a great, high traffic location. The restaurant was only opened in 2017, so there is a lot of potential for increased revenues. Also, the current owner has only done limited marketing; an increase in marketing and advertising would also boost revenues.

Reason for Selling:

Owner's health issues.

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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