Established Pizza Restuarant For Sale - Junct'n Square Pizza

Asking Price$200,000

Cash Flow
$80,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$995,000

Inventory$10,000
Included in asking price
FF&E$176,000
Included in asking price
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Established Pizza Restuarant For Sale - Junct'n Square Pizza


Asking Price$200,000

Cash Flow
$80,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$995,000

Inventory$10,000
Included in asking price
FF&E$176,000
Included in asking price

Seller Financing Available
Business Description
Serving the local community for nearly 50 years, Junct'n Square Pizza has been a cornerstone of the local and downtown food scene in Grand Junction, CO. Located in the heart of downtown Grand Junction, they specialize in serving freshly made deep dish pizzas, calzones, pasta, and antipasta salads. The company also holds an existing liquor license allowing them to sell various beers and wines in the store, and such license should be transferrable to a Buyer. The company offers dine-in, take out, and delivery options, and also has a patio for optimal outdoor seating, as well as a private parking lot for customers to use (very rare for downtown GJ properties!). The local brand recognition runs deep within the roots of Grand Junction's food scene, with all IP, branding, logos, recipes, & customer lists included (over 25,000 verified customer contacts). All assets included as well, including all inventory, and FF&E with historical purchase cost of nearly $300,000 to outfit. All the infrastructure is in place for a new owner to come in and capitalize on the past success and brand of Junct'n Square Pizza, while adding some new life to the business to add onto what has already been built. Possible owner carry available subject to terms.
About the Business
Years in Operation
48
Employees
15
Currently Home Based
Yes
Facilities & Assets
Property is being proposed to be leased back by new owner for $4000/month NNN, sale not preferred but possible. Property is located in downtown (main street) Grand Junction, & consists of 2304 SF of heated floor space, consisting of the kitchen, floor seating, and barback areas. Additional storage and office space is available in the basement level, which also houses the 2nd walk-in cooler that is included. The lease would come with exclusive use of a 6500+ SF corner lot on 7th and Main, used for parking, events, etc. Outdoor patio seating also included.
Website
https://jctsquare.com/
Market Outlook / Competition
Junct'n Square Pizza remains the only specialty Pizza and Italian restaurant in Downtown Grand Junction. There are a handful of other Pizza based restaurants in town (mainly franchises), but none appealing to the main street / downtown crowd. The companies local and longstanding history in the marketplace, location, and high quality of food and service helps separate themselves from competition.
Opportunities for Growth
- Investing harder into the take-out & delivery side of the business, the take-out & delivery model would bear well for their specialty in Pizza
- Extend bar in restaurant
- Promoting more events & parties
- Marketing more to college students - offer discounts or promotions
- Extending businesses hours, start opening for business on Sundays
- Partner with delivery service vendors - DoorDash / UberEats
- Utilize fenced parking lot (corner lot on Main Street) for different events, promotions, marketing, etc.
- Partnership w/ Winery for tastings in store
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,304
Rent
$4,000.00 per month
About the Sale
Seller Motivation
Wanting to pursue other things
Transition Support
Owner will offer training for a new Buyer for an adequate time needed by Buyer.
Financing Options
TBD
Listing Info
ID
2358325
Listing Views
1180
Business Location

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Business Listed by: Kyle Serrano Venture Group

Listing ID: 2358325 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.