Passive Ownership at Pizza Restaurant

NOT DISCLOSED, Connecticut

Asking Price	$405,000	Year Established	1986
Annual Revenue	$983,927	Reason for Selling	An expansion on catering and alcohol sales
Annual P/L		Attention	Cortney Sells
Annual Cash Flow	$146,810	Listing Number	545067
# of Employees	20	Business Category	Food & Beverage: Restaurants, Fast Food, Deli

Business Overview:

The owner is passive with 3 managers on staff at this pizza restaurant! With nearly $1M in revenue and 90% of sales being takeout and self-performed delivery, this homemade pizza joint includes over $150,000 in assets upon its purchase! Located in Northeastern Connecticut, this restaurant serves pizza 50% through takeout and drive-through, 40% through delivery, and the other 10% through dine-in and catering. It is the only pizza joint in its market that offers a drive-through option. The company was established as a small take-out pizza shop in 1986 by the current owner’s father; the owner opened this location in 2009. Because of the long history in the community, this restaurant has a strong brand presence, being a long-term staple in the area.

There are 20 qualified and reliable personnel in place with 3 being full-time and 17 being part-time. The full-time manager, assistant manager, and shift supervisor take care of the daily activities, allowing the owner to only handle general oversight. Due to COVID-19, the pizza joint had to close for two weeks. But even so, the sales are up from last year given that dine-in was only 10% of sales before COVID-19. With an expansion in catering and alcohol sales, this restaurant would see continued growth.

Priced at $405,000, a 15% down payment of $60,750 returns $95,450 in the first year after debt payments, which is a 157% return on investment.

Property Features and Assets:

Lease: 2,700 square feet: 54 seats inside, outdoor patio, and drive-through.

Market Competition and Expansion:

Additional Details: