NORTHBOROUGH, Massachusetts
| Asking Price |
$225,000 |
Year Established |
2010 |
|
| Annual Revenue |
$0 |
Reason for Selling |
Owner has other restaurants that need his attention. |
|
| Annual P/L |
$0 |
Attention |
Bob Cioffi |
|
| Annual Cash Flow |
$120,000 |
Listing Number |
1018179 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
LOCATION: Greater Northboro area……………….(Less for cash offer)
TYPE OF BUSINESS: Absolute Turnkey Pizzeria-Roast Beef- Salads.
SELLING PRICE $225,000 Down payment $100,000 (seller financing available)
SALES VOLUME: 11K- wk. DELIVERY 35%
LEASE: $3,450 plus (NNN.) Yrs. Left 10 plus/ 2- 5yr options.
SQUARE FOOTAGE: 2,200 sf.
HOURS OF OPERATION: 7-days: 11am-8pm (9pm Fridays)
SEATING: 25 inside
ESTIMATED PROFIT: 100,000yr.
REASON FOR SELLING: owner is overwhelmed with other businesses
COMMENTS: Recently sold in July. This turnkey pizzeria is known for exceptional made-from-scratch roast beef sandwiches, salads, and customer favorites. It is in an excellent location on a heavily traveled state-numbered road, with a large nearby population and workforce. Hundreds of new apartments and condos are still under construction throughout the area, making this a hot town and location with tremendous upside. Growth opportunities include expanding catering, delivery, and outreach. The seller is willing to discuss an all-cash sale, new ice machine, repaired line equipment, and POS system. The owner has invested $50,000 since recently purchased.
Property Features and Assets:
<p>Located in a popular small strip mall on a major state road. Absolute turnkey, excellent condition throuout. well established location. Does not need a thing and has a long lease in place.</p>
Market Competition and Expansion:
<p>Owner has upgraded to Toast POS system to add on line ordering and better control of the financials of the business. This established pizzeria with a on hand owner has always done well and ihas been upgraded.</p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity