Price Reduced-Pizzeria and Italian Restaurant

Summerville, SC
Dorchester County


Asking Price: Annual Revenue:
$295,000 $574,380

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Price Reduced-Pizzeria and Italian Restaurant Broker: Sonja Heaton

Quick Facts

Asking Price: $295,000
Annual Revenue: $574,380
Net Profit: Not Disclosed
Cash Flow: $137,545
Total Debt: Not Disclosed
FF&E: $90,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: 12
BBN Listing #: 272550692
Broker Reference #: 32941-76371

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Business Overview:

This classic, one-owner Pizzeria and Italian Restaurant opened 6 years ago in a shopping plaza that is located on a very busy main artery near I-26 with traffic counts in excess of 25,000 VPD and growing. The area is on fire with commercial and residential growth.

The owner of the restaurant has created an easy to follow menu serving Salads, New York Style Pizza, Stromboli, Calzone and Baked Pastas along with Italian classics such as Chicken & Veal Parmigiana, Marsala, Piccata & Francese. All recipes will transfer with the sale of the business to the new owner.

The fully equipped kitchen has the layout and equipment needed to turn out great Italian fare. Equipment includes double stacked pizza ovens with hood, range, grill, fryer, etc. The refrigeration includes a walk-in cooler, freezer, ice machine and more. This kitchen is well equipped and geared to produce high quality food at a high volume rate.

The restaurant has 2000 square feet and seats 70 guests. There is 9 years remaining on the lease with the current rental rate of $3,100 per month to include taxes and CAM.

Sales for 2017 are 28% higher than 2016 and project to be $750,000 +/-.The seller has all components in place for the buyer to be successful and not miss a beat to further grow sales:

• Strong Cash Flow / Owner Benefit
• All Equipment in Place for New Owner / Turn Key
• Loyal Customer Base with Strong Repeat Business
• Location – Location - Location
• Located on the Main Artery of One of the Fastest Growing Areas
in the Southeast United States
• 30,000 Home Permits Planned w/ 75,000 New Residents in a Series
of Master Planned Communities, New Schools, Office Parks & the
Expansion of Medical Facilities --- All in the Footprint of the Restaurant
• Well Trained Staff
• Exceptional On-line Reviews --- 4.5 on Trip Advisor
• One of the Only True New York Style Pizzerias in the Entire Lowcountry

This is a special opportunity for someone to come in & experience the growth.

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Property Features and Assets:

This one-owner Pizzeria and Italian Restaurant opened in 2011 serving classic New York Style Pizza and authentic Italian favorites. The restaurant is located in a shopping plaza that sits on a very busy main road with traffic counts in excess of 25,000 VPD (vehicles per day) and growing.

Market Competition and Expansion:

While the restaurant industry is a competitive marketplace, the seller has done an outstanding job separating this restaurant from the competition by establishing the location in a high-growth area and implementing a model and menu that is classic and traditional, yet easy for all of the staff to follow. Showing Comments Call Listing Broker for Details Potential Growth Within a very short drive of the restaurant, the area is in the first stages of a growth explosion with projections of 75,000 new neighbors and the construction of 30,000 new homes making headlines across the region. While repeat customers are the norm, the effects of the population growth is already being realized with new customers in the restaurant weekly. Commercial Development in the area is equally as impressive with routine new openings of both local flavor and national brand power adding to the draw. The bottom-line for the strategic location of this Pizzeria and Italian Restaurant is that mega-growth is happening now.

Reason for Selling:

Retiring.

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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