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- RE: Magnificent Turn Key Neighborhood Pizza Restaurant
- Contact: Tom Cerniello
Quick Facts
Asking Price: | $300,000 | |
Annual Revenue: | $300,000 | |
Net Profit: | $100,000 | |
Cash Flow: | $100,000 | |
Total Debt: | Not Disclosed | |
FF&E: | $100,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2020 | |
Employees: | 5 | |
BBN Listing #: | 989097 | |
Broker Reference #: | 149 |
Business Overview:
Neighborhood Pizza Restaurant
Asking $300,000 - Cash Flow $100,000
This unique pizzeria and restaurant stands out as a rare gem in the neighborhood, having served the community for over 25 years in the charming town of Frackville, PA.
It boasts impressive profitability, generating a net income of $100,000 annually. Sales have consistently hovered around $300,000 each year.
Currently, the establishment operates five days a week, closing on Sundays and Mondays. A new owner could significantly increase revenue by extending operations to include these two additional days.
The current owner is open to providing financing, requiring 50% down with the remaining balance payable over five years at an interest rate of 6%. Additionally, the owner also possesses the building and is prepared to offer a 10-year lease with two options for five-year renewals. After the initial 10 years, there will be an opportunity to purchase the property.
This restaurant features ample parking, seating for 90 and includes a spacious 3,700 square-foot basement.
Included in the asking price are well-maintained restaurant equipment, such as commercial ranges, pizza ovens, pasta cookers, food preparation equipment, refrigerators, freezers, ice machines, commercial storage units, exhaust hoods, and fire suppression systems.
The owner is selling the business to return to their hometown in Italy
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Property Features and Assets:
Included in the asking price are well-maintained restaurant equipment, such as commercial ranges, pizza ovens, pasta cookers, food preparation equipment, refrigerators, freezers, ice machines, commercial storage units, exhaust hoods, and fire suppression systems.
Market Competition and Expansion:
Expansion - Tons of growth. New owner can operate 7 days a week instead of the 5 days currently operating now.
Competition - None, one of a kind in this area
Reason for Selling:
RETIRINGAdditional 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:
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