PIzzeria and Italian Restaurant with Real Estat...

Lee County, NC
Lee County

Asking Price: Annual Revenue:
$680,000 $1,241,935

Food & Beverage: Restaurants, Fast Food, Deli

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RE: PIzzeria and Italian Restaurant with Real Estat... Broker: Shanon Madrid

Quick Facts

Asking Price: $680,000
Annual Revenue: $1,241,935
Net Profit: Not Disclosed
Cash Flow: $120,000
Total Debt: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2001
Employees: 24
BBN Listing #: 999449171
Broker Reference #: DURHANC001-N85

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Business Overview:

Iconic Pizzeria in the market is available for a 50% acquisition. One partner is interested in retiring even when the restaurant is doing exceptionally well.post COVID. This location is the go to Italian restaurant and has been been in the area for 19 years. and bought the building 10 years ago. Area is experiencing growth with the mall next door getting converted to a 150 room apartment. Staff is solid and all W2 with several managers. Building was appraised in 2017 for $1,2M with business valued at $180k. For more information please contact Shanon Madrid at smadrid@sunbeltnetwork.com of 919-858-6853 ext 1

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Reason for Selling:

Dissolution of Partnership

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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