This restaurant has been serving quality Pizza for 23 years and represents a huge opportunity to operate your own restaurant business for the asking price of $175,000. The present owner is semi-absentee and has long-term valuable employees who look after the day-to-day operations and will assist with a smooth handover and provide full training and support. 2016 annual profit of around $70,000 on sales of $610,000, 2017 annual sales were $570,000 and $50,000 profit was achieved. 3,000 sq ft of modern, usable space with a nice open kitchen with its Type 2 hood using fast, double stacked "Lincoln Impinger" conveyor Pizza Ovens, refrigerated worktops and stainless steel work surface, dough roller, 60 qt Hobart dough mixer, walk in cooler, full prep and storage areas. The dining room has seating for 150 in a combination of booths and regular tables plus two separate private dining rooms each also used as extra space for those busy weekend nights, plus an outdoor patio seating a further 25. This long established Pizza business has an excellent local reputation for food and service in a clean and comfortable environment with low rent and ample space to grow representing a huge opportunity to seasoned operators or first time restaurant owners. Please complete the 'Non Disclosure Agreement' on our site and we'll send you the name and address with the full financial information, lease & list of equipment included with the purchase. We'll also send you the Broker's contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationInc
  • Established1980
  • Current Owner1995
  • Employees20
  • Reason For SaleOther Interests

Facilities

  • Seating150 + Patio
  • Square Feet3000
  • Parking40
  • LicensesHealth, Business & ABC Type 41 License.
  • Open Hours11.00am - 9.00pm Daily

Lease

  • Rent$4,000 including NNN
  • Expiration2021
  • Yearly Increase3%
  • OptionNegotiable
  • Deposit$3,500

Financials

  • Monthly Revenue$47,500
  • Monthly Cash Flow$4,166
  • Annual Revenue$570,000
  • Annual Cash Flow$50,000
  • Payroll$$15,210

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

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