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- RE: Passive Ownership At Pizza Restaurant
- Contact: Cortney Sells
Owner Financing is Available!
Purchase Price: $405,000
15% Buyer Down Payment$60,750
15% Seller Financing $60,750
70% Bank Loan$283,500
A 15% down payment of $60,750 returns $95,450 in the first year after debt payments!
Quick Facts
| Asking Price: | $405,000 | |
| Annual Revenue: | $983,927 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $146,810 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $146,679 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1986 | |
| Employees: | 20 | |
| BBN Listing #: | 732234398 | |
| Broker Reference #: | RST008 |
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.
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Property Features and Assets:
Lease: 2,700 square feet: 54 seats inside, outdoor patio, and drive-through.Reason for Selling:
An expansion on catering and alcohol salesAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
- View more Connecticut businesses for sale
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- Find a business broker
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