Popular Pizzeria and Cocktail Bar
Business Description
Established upscale pizzeria and cocktail bar specializing in Detroit-style pizza, strategically located in Niagara County's vibrant foodie community. This popular destination has built a strong reputation since opening in 2022, generating $705,000 in annual revenue with $165,000 in seller's discretionary earnings.
BUSINESS OVERVIEW:
This unique concept combines artisanal Detroit pizza with a sophisticated cocktail program, differentiating itself in a competitive market. The restaurant operates in a 2,650 square foot space with a favorable lease through December 2037 at $3,700 monthly. Current operations include 12 employees serving dinner five nights per week (27 hours), presenting significant expansion opportunities.
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $705,000
• Cash Flow (SDE): $165,000
• EBITDA: $225,000
• FF&E Value: $118,500
• Inventory: $8,500 (included)
• Asking Price: $249,000
GROWTH POTENTIAL:
Substantial expansion opportunities exist through extended operating hours (currently 5 nights only), adding lunch service, catering, and special events. The location benefits from year-round festivals and concerts drawing visitors from 100+ miles away, creating untapped revenue streams.
LOCATION ADVANTAGES:
Situated in a community known for its vibrant food culture with regular festivals and seasonal concerts that attract regional visitors. Despite competitive restaurant presence, this establishment offers a unique dining experience that fills a market niche.
SUPPORT & FINANCING:
• Seller financing available
• Up to 3 months training plus 3 months ongoing support
• Established systems and customer base
REASON FOR SALE:
Owners are focusing efforts on expanding their quick-service restaurant portfolio and wish to transition from full-service operations.
This turnkey operation represents an excellent opportunity for an experienced restaurateur to acquire an established brand with proven concept and significant growth potential in a desirable market.
BUSINESS OVERVIEW:
This unique concept combines artisanal Detroit pizza with a sophisticated cocktail program, differentiating itself in a competitive market. The restaurant operates in a 2,650 square foot space with a favorable lease through December 2037 at $3,700 monthly. Current operations include 12 employees serving dinner five nights per week (27 hours), presenting significant expansion opportunities.
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $705,000
• Cash Flow (SDE): $165,000
• EBITDA: $225,000
• FF&E Value: $118,500
• Inventory: $8,500 (included)
• Asking Price: $249,000
GROWTH POTENTIAL:
Substantial expansion opportunities exist through extended operating hours (currently 5 nights only), adding lunch service, catering, and special events. The location benefits from year-round festivals and concerts drawing visitors from 100+ miles away, creating untapped revenue streams.
LOCATION ADVANTAGES:
Situated in a community known for its vibrant food culture with regular festivals and seasonal concerts that attract regional visitors. Despite competitive restaurant presence, this establishment offers a unique dining experience that fills a market niche.
SUPPORT & FINANCING:
• Seller financing available
• Up to 3 months training plus 3 months ongoing support
• Established systems and customer base
REASON FOR SALE:
Owners are focusing efforts on expanding their quick-service restaurant portfolio and wish to transition from full-service operations.
This turnkey operation represents an excellent opportunity for an experienced restaurateur to acquire an established brand with proven concept and significant growth potential in a desirable market.
About the Business
- Years in Operation
- 3
- Employees
- 12
- Facilities & Assets
- There are 12 years remaining on the lease, 2 years of the current term and two 5-year options. Property is well maintained and located on a corner lot of the main busy street. 12 car parking lot, outdoor patio that seat 32. This selling price requires the buyers to assume the current lease payments of the pizza oven, furniture and dough mixer. Approximate monthly cost is $3,400 with approximately 24 months remaining. All documentation will be provided prior to finalizing a transaction.
- Market Outlook / Competition
- Located in a town with a vibrant foodie culture, year-round popular festivals, concerts during the spring and summer that draw from 100 miles away. Although there are several restaurants in the local area we offer something different and unique to the community.
- Opportunities for Growth
- We are currently only open 5 nights per week for dinner, about 27 hours. There is a huge opportunity to open 7 nights, to add lunch and also offer catering and special events.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,650
- Rent
- $3,700.00 per month
- Lease Expiration
- 1/1/2038
About the Sale
- Seller Motivation
- Owners of this restaurant own several other quick service restaurants and plan t
- Transition Support
- We can offer up to 30 days of training.
Listing Info
- ID
- 2384348
- Listing Views
- 832
Business Location
Listing ID: 2384348 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.
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