This established pizzeria has been in business at its current location since 1984. It shows consistent sales and profits year over year and has been pre-approved for an SBA business loan. The pizzeria is located the East Bay, in a neighborhood shopping center. It is the only family-friendly restaurant in the area, and thus has a large captive audience. The location is ideal as it is surrounded by residential and there is a business park as well and there are no other centers nearby which limits competition. The restaurant has an upstairs area that seats 60, and a downstairs that seats 50. The upstairs area can be booked for private events. Televisions and projector screen in the restaurant make it a popular place to watch televised local sports. The menu features pizza, pasta, salads, sandwiches, and wings. The restaurant has a beer and wine license, and 8 beers on tap. The lease is very favorable terms with a $2.45 per sqft currently and the landlord will work with the buyer for a renewal and extension. The equipment includes a large walk-in refrigerator with glass doors, a self serve salad bar, a fountain soda machine, beer tap system, under-counter prep stations, a double decker pizza oven, 6' hood, 1-door reach-in freezer, ice machine, slicer, dishwasher and a 3-compartment sink.

General Info

  • OrganizationPartnership
  • Established1984
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating100+
  • Square Feet2,770
  • ParkingParking Lot
  • LicensesBeer and Wine, Health and Business
  • Open Hours11am - 9pm Daily

Lease

  • Rent$6,800
  • ExpirationDecember 2020
  • Yearly IncreaseFixed
  • OptionNegotiable
  • Deposit$1,700

Financials

  • Monthly Revenue$85,326
  • Monthly Cash Flow$17,522
  • Annual Revenue$1,023,919
  • Annual Cash Flow$210,273
  • Payroll$Contact For Info

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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