Pizza Shop-Restaurant-Bar- D-5 & D-6 Seats 50

Asking Price$275,000

Cash Flow
$68,700
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$350,000

Inventory$5,000
Not included in asking price
FF&E$175,000
Included in asking price
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Pizza Shop-Restaurant-Bar- D-5 & D-6 Seats 50


Asking Price$275,000

Cash Flow
$68,700
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$350,000

Inventory$5,000
Not included in asking price
FF&E$175,000
Included in asking price

Seller Financing Available
Business Description
This is a unique opportunity to acquire a piece of Cleveland’s rich history. This traditional pizza shop, bar, and restaurant is exceptionally clean. It accommodates up to 50 guests and is offering a D-5 and D-6 liquor license. The establishment serves some of the best gelato in the city. Retiring owners, after 19 successful years, are selling this turn-key business. Establishments like this are rare to come by. This business is thriving but operates only a few days a week. New energy could elevate its potential even further. The existing clientele includes walk-in customers and hosts for various events.
About the Business
Years in Operation
16
Employees
6
Currently Relocatable
Yes
Facilities & Assets
Outstanding layout featuring a walk-in counter that serves pizza by the slice, gelato, and more. The restaurant and bar accommodate 50 guests and hold D-5 & D-6 liquor licenses. Upon entering this establishment, you will feel as though you are stepping onto a movie set.
Market Outlook / Competition
Normally the pizza market in Cleveland is pretty fierce however this is a very niche market. This particular shop has a very large draw to both seasoned clientele and a very large young crowd.
Opportunities for Growth
Extended hours are essential, and we should capitalize on liquor sales, especially with the variety of wine selections available.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,650
Rent
$2,400.00 per month
Lease Expiration
7/31/2029
About the Sale
Seller Motivation
Retirement
Transition Support
The owner will train.
Financing Options
Seller will consider a small amount of carry-back.
Listing Info
ID
2342293
Listing Views
747

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Business Listed by: Richard Farina Business Solutions

Listing ID: 2342293 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.