20 year old Pizza Restaurant in Great Location

Asking Price$175,000

Cash Flow
$89,010
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$472,940

Inventory$1,000
Included in asking price
FF&E$32,000
Included in asking price
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20 year old Pizza Restaurant in Great Location


Asking Price$175,000

Cash Flow
$89,010
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$472,940

Inventory$1,000
Included in asking price
FF&E$32,000
Included in asking price

Seller Financing Available
Business Description
This local neighborhood pizza restaurant has a great reputation in the area that makes great pizza and other Italian dishes. Very little advertising has been done and the business has sustained revenue by word of mouth and the strong location with great anchors and shopping plaza. Currently the owner is semi-absentee and needs a new owner to put some attention to it! The current managers would be likely to stay if so desired.
About the Business
Years in Operation
17
Employees
8
Facilities & Assets
This location is in a busy plaza with a strong anchor, great parking and in the heart of a growing area. There is a new walk in fridge and new freezer that was replaced recently.
Market Outlook / Competition
They are one of the only close by pizza and Italian places in the close area but lots of other restaurants around.
Opportunities for Growth
There has been very little advertising done in recent years and increase this to get the word out to the new apartments and houses in the area could be beneficial. Adding an ABC license and having an owner more involved in the day to day should all help it grow.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,400
Rent
Not Disclosed
Lease Expiration
3/1/2028
About the Sale
Seller Motivation
Other business needs his attention
Transition Support
2 weeks
Financing Options
Yes with good down payment
Listing Info
ID
2367733
Listing Views
552

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Business Listed by: Tim Johnson First Choice Business Brokers of Hampton Roads

Listing ID: 2367733 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.