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Asking Price$680,000
Revenue$1,241,935 Established2001
Cash Flow$120,000 Employees24 full-time
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableYes
Real Estate$1,100,000* Home-basedNo
* Included in Asking Price
Iconic Pizzeria in the market is available for a 50% acquisition.  One partner is interested in retiring even when the restaurant is doing exceptionally well.post COVID. This location is the go to Italian restaurant and has been been in the area for 19 years. and bought the building 10 years ago.  Area is experiencing growth with the mall next door getting converted to a 150 room apartment.  Staff is solid and all W2 with several managers.  

Building was appraised in  2017 for $1,2M with business valued at $180k.  For more information please contact Shanon Madrid at smadrid@sunbeltnetwork.com of 919-858-6853 ext 1

Required Licenses: Liquor and Business
Competition:3 traditional Pizza parlors but no combination Pizza and Full Italian.
Growth Potential:Area continues to grow and business has solid reviews at 4.2
Training/Support:Second manager will remain in place.
Seller Financing:This is a 50% sale of the pizzeria and the real estate. SDE presented is 50% for exiting partner.
Sale Reason:Dissolution of Partnership
Ad #127776
Seller Reference #DURHANC001-N85
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Contact This Seller
Shanon Madrid
919-624-9275
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