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- RE: Pizzeria And Italian Food
- Contact: Nick Kassam
Quick Facts
| Asking Price: | $649,000 | |
| Annual Revenue: | $1,283,000 | |
| Net Profit: | $998,000 | |
| Cash Flow: | $297,000 | |
| Total Debt: | $285,000 | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 20 | |
| Employees: | 12 | |
| BBN Listing #: | 995253 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Pizzeria and Italian food restaurant is well located and established for over 20 years, with high volume deliveries is now for sale by retiring owner. Very profitable and around $M1.3 sales per year with a bottom line of over $285,00 per year. With the bottom line of $285,000 per year, this is a perfect business to own and make a great living. The lease has renewal options and the current monthly rent is $6,900 including the taxes and CAM. The asking price of $649,000 includes $20,000 of inventory.The owner works around 30 hours per week.The restaurant hours are Monday to Sunday from 11 am to 10 pm.There are 3 drivers for deliveries.12% of the business comes from Uber ChowNow Slice .The dine in section has 40 chairs.The restaurants receives 400 delivery orders per month at $5 each. The Pizzas and Italian foods are made with high quality ingredients.The price for a 16 inch pizza for example is $20 plus toppings at $2 each.The Food Cost including paper goods runs at 26%.The Labor cost at about 34% not including the owner.There are regular repeat happy customers .The restaurant has also a Catering Menu and gets orders for parties.All the transaction are paid mostly with credit cards.The credit cards processing is at 2.6%. The utilities averages about $2600 per month.There is Toast POS system in place and works very good.Almost 90% of the business is with deliveries and about 10 % on dine in so it requires less staff.
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Property Features and Assets:
All the equipment is in good working condition and maintained to keep them running all the time .
Market Competition and Expansion:
For the Pizza business the market is always great people are use to pizzas and chicken wings all the time and we make our fresh pizzas dough every single day with fresh garlic rollsÂ
Reason for Selling:
Retiring. Kindly ask the seller for more information.Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
Relevant Links:
- View more Florida businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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