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- RE: Swampscott/Marblehead Pizza, Sub & Pasta
- Contact: John F
Quick Facts
| Asking Price: | $850,000 | |
| Annual Revenue: | $1,800,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $100,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1992 | |
| Employees: | 15 | |
| BBN Listing #: | 994710 | |
| Broker Reference #: | JR 173 |
Business Overview:
TYPE OF BUSINESS: PIZZA, SUBS & PASTA
LOCATION: NORTH SHORE AFFLUENT SEASIDE COMMUNITY
SELLING PRICE: $850,000 DOWN PAYMENT: $150,000
SALES VOLUME: $35K -$40K/wk. 80% delivery/pick up
LEASE: $4,550/mo. (includes NNN) Years left: 10 Years
SQUARE FOOTAGE: 1,600 sf
HOURS OF OPERATION: 11 am -9 pm, 7 days (awesome staff is staying)
SEATING: 14 seats
REASON FOR SELLING: Retiring with a lot of money in the bank!!
COMMENTS: Imagine making $300k plus every year for only investing $150,000 one-time!!! Very successful operation with 80% pick-up and delivery, but no Door dash, Uber Eats etc. In operation for more than 30 years with a very reasonable rent which includes the use of a very large parking lot that is included in the rent. The owner currently only works 30 hours a week just to have something to do. All equipment is in very good working order, including the highly desirable rotating Reed Pizza Oven.
Best estimate is that seller is netting about $300,000/yr (significant cash).
If you have good credit, there may be a SBA loan waiting with only $100K cash req’d.
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Property Features and Assets:
Very well laid out kitchen surrounding a rotating pizza oven for maximum production. Small dining area and a large parking lot right across the street. 80% delivery and pick up with no third delivery involved. Efficient crew that will remain.
Market Competition and Expansion:
Some competition in the town but none that can compare to this sites volume. Expansion could include more delivery with third party delivery, additional catering and much more social media.
Reason for Selling:
Retiring. Kindly ask the seller for more information.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
Relevant Links:
- View more Massachusetts businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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