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Asking Price$179,000
Revenue$364,000 EstablishedUndisclosed
Cash Flow$75,000 Employees3 full, 2 part
FF&E$100,000 FranchiseNo
Inventory$2,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Great Pizzeria Near Schools and Hotels. In fact, there are 3 schools and 3 major hotels in the immediate area. This is a great little take-out pizzeria with limited delivery. The current owner had been grossing over $10K/wk less than 1 year ago, but sales have slipped to approx. $7k/wk since he began focusing on another business and operating on an absentee basis. Payroll has gone up with 3 F/T and 2 P/T employees. There is no reason the sales cannot be built back up to $10K/wk and higher. This store needs an owner/operator. The seller even cut back from a 7 day operation to 6 days (closed Sun.) to free up more time for his other business. He is only on site approx. 6hrs.wk. The space is 1,100 sq. ft. with seating for 35 and a 12x10 backyard. The rent is only $3,525/mth (after a landlord approved sublease of $2k/mth for the basement). There are 7 years remaining on the current lease with a possible extension for a qualified tenant with good credit. The space has new refrigeration, tile and walk-ins. In the past year the business grossed approx. $364,000.00 with a net cash flow of approx. $75K for an absentee owner.of approx. $72,000.00. The space has a full kitchen w/grill and hood. We are seeking a serious and financially qualified buyer with at least $150K in liquid funds to cover the downpayment and $20K in rent security. To learn more, please call Mel Vaz 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.
Training/Support:The seller will train the new owner.
Seller Financing:130,000.00 Down & $49K over 3 yrs. @ 6%.
Sale Reason:Owns another business.
Ad #96931
Seller Reference #29928
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Melvin L. Vaz
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