Local Favorite Pizza Shop w Real Estate Included

Not Disclosed, FL
Lake County


Asking Price: Annual Revenue:
$975,000 $1,064,939

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Local Favorite Pizza Shop w Real Estate Included Broker: Anthony Blair

Quick Facts

Asking Price: $975,000
Annual Revenue: $1,064,939
Net Profit: Not Disclosed
Cash Flow: $164,242
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: $500,000
Year Established: 1985
Employees: 21
BBN Listing #: 619435435
Broker Reference #: 4110-00223

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Business Overview:

For sale is a family owned and operated, local neighborhood favorite with a positive reputation of 800 Google Reviews with a 4.4 rating, 447 Yelp Reviews with a 4.7 and 89 Reviews on Trip Advisor with 4.5 rating. This well-crafted Italian restaurant and pizzeria has a southern hospitality flare, and is open for lunch and dinner; offering dine-in and takeout. Some of the full-time employees have been there since current ownership purchased the pizzeria. The restaurant is located off a heavily traveled road, in an area of anticipated growth and is surrounded by many established residential developments. Snow birds frequent the location when they are in town. This business is SBA lender approved. | The real estate is included in the sale price.

TERMS Purchase Price $975,000 | Working Capital $20,000 |Closing Costs $6,500 | Down Payment $195,000 | Loan/Other $813,000 | Total $1,008,000 | Months 300 | Rate 7%| Mo Pmt $5,746.11

BBF 4110-00223

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Property Features and Assets:

Lease/Month: $0 | Square Footage: 2,520 | Building Type: Stand Alone Terms & Options: Negotiable

Reason for Selling:

Retirement

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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