Littleton Italian, Pizza Restaurant for Sale

Littleton, CO
Kiowa County


Asking Price: Annual Revenue:
$120,000 $157,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Littleton Italian, Pizza Restaurant for Sale Broker: Bob Steinberger

Quick Facts

Asking Price: $120,000
Annual Revenue: $157,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1996
Employees: 5
BBN Listing #: 83858096
Broker Reference #: 8023

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Business Overview:

PRICE RECENTLY REDUCED / SELLER WANTS TO RETIRE!! Restaurant for Sale in Littleton, Colorado currently operating as an Italian / Pizza concept but would adapt to any concept quickly and inexpensively. This restaurant has operated successfully and profitably in the same location as a full-service Italian restaurant for 30 years! It is now waiting for a new owner and concept. Keep the same, successful concept, signage, menu, recipes, website etc. or change it to whatever you wish. Either way it comes with a full liquor license! This Restaurant for Sale is located in a very busy strip center off a major intersection that has great visibility, easy access, and plenty of parking. This, and every other restaurant in the center, is profitable and does very well. It would be perfect for pizza as there is a 4 door pizza oven and large dough mixer included in the deal. The Italian themed decor will stay but it would also quickly and cheaply convert to a Mexican, BBQ, Breakfast and Lunch, sandwich shop, or even a sports bar. The dining room is spotless, bright, and well laid out with very attractive murals on the walls and high ceilings. The dining room at this Restaurant for Sale offered by We Sell Restaurants is decorated with a New York and Italian flare and seats 52. There is a small bar that seats 8 and attractive wine displays. In the back there is a fully equipped commercial kitchen that has a hood, a 6-eye burner stove, a 4-drawer pizza oven, a walk-in cooler, and plenty of hot and cold storage. Also included is a dishwasher that is owned - not leased! The current operating hours at this Restaurant for Sale are only 4 nights a week and the place is still doing nearly $5000 per week. A new operator of this Restaurant for Sale could easily double or triple sales and profits simply by maintaining reasonable operating hours and adding delivery. A good lease is in place for $3700/mo. that includes water and trash removal. If the new owner was going to do pizza and/or Italian the lease restricts any competitive restaurant in the Center. There is a full liquor license in place at this Restaurant for Sale and Seller financing would be considered for a qualified Buyer. In addition the Colorado Restaurant Brokers are working with a new lender who does not need tax returns or P&Ls. If you have a credit score of 680 or above you could possibly get up to 80% of the sales price.

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Property Features and Assets:

FOH Bench Open Sign Host stand 5 2 top table 9 4 top tables 1 6 top table 52 chairs 6 bar stools wine racks Misc decor and murals Glass door cooler Bar Area Cash register reach in cooler SS tri sinks Hand sink Music system ice machine fax machine coffee maker dump sink Misc china silver Misc wine racks trash can BOH 4 door pizza oven 6 eye burner stove with oven cheese melter Misc pots and pans Sm fryer Plates 2 microwaves Pizza rack prep table with cutting board Lg sandwich prep cooler 2 door reach in under prep table hand sink tri sinks dish washer 3 door reach in freezer drop in freezer slicer large dough mixer lockers spray sink veg prep sink misc shelving sm SS table step lader walk in cooler Robot Coupe Misc. trash cans Hood Grease trap

Market Competition and Expansion:

Currently only open 20 hours a week Increase to reasonable operating hours and double or triple sales and profits

Reason for Selling:

Relocation

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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