Neighborhood Icon Pizza Shop

NOT DISCLOSED, Massachusetts

Asking Price	$395,000	Year Established
Annual Revenue	$700,000	Reason for Selling
Annual P/L	$0	Attention	Todd Smith
Annual Cash Flow	$195,000	Listing Number	1018800
# of Employees		Business Category	Food & Beverage: Restaurants, Fast Food, Deli

Business Overview:

First time offered! This neighborhood icon has been serving its community for 40 years. The pizza shop sits in a charming, small freestanding building in a densely populated neighborhood on the edge of Boston, next to a growing commercial area. Just 400 sq ft with a 400 sq ft basement, the shop stays busy with only 3 employees, driven by a strong walk-in and pick-up business plus solid third-party delivery. The owner is retiring, so bring your enthusiasm and new ideas. Catering is an easy way to grow sales! Some seller financing is available to qualified buyers.

Details:
PARKING: 2 spaces
EQUIPMENT: The equipment is in excellent condition, has been well maintained & is of good quality.
LEASE TERM: 3 years remaining plus two (2) additional 5-year options
BASE RENT: $2,500/month + $350 NNN; first option term $2,800 + $350 NNN; second option term $3,200 + $350 NNN
CONCEPT: Fast Casual / Quick Service Pizza
SALES: $700,000
CASH FLOW: $195,000
ASKING PRICE: $395,000 – some seller financing available to qualified buyers

Property Features and Assets:

<p>SEATING: None – pick-up only</p><p>SIZE: 800 sq ft total: 400 sq ft main floor plus 400 sq ft basement</p><p>HOURS: Open 7 days<br></p><p>LICENSES: Common Victualler (CV); delivery and catering<br></p>

Market Competition and Expansion:

Additional Details: