Covid Resistant Profitable Authentic Pizzeria NCListing DetailsOffice ID: PIZZA5 Status: Active Listing Broker: George Bradbury Listing Price: $225,000 Gross Revenue: $550,000 Cash Flow: $81,000 12 Month Forecast: $600,000 Forecasted Cash Flow: $90,000 Inventory: $3,000 Inventory Included: Yes FF&E: $27,000 FF&E Included: Yes Sales Structure: Asset Sale Seller Financing: Yes Reason for Sale: Owner is retiring Training: The owner will work with a buyer for 30 days to insure a successful transition. OperationsYear Established: 10 Last Acquired: 2010 Form of Ownership: S Corp Employees (full-time): 3 Employees (contractors): 4 Managers: 1 Business Hours: Mon-Sun 11-10 Summary Business Description: This restaurant is conveniently located off a busy highway in a very active shopping center in Raleigh, NC. Their menu includes authentic New York pizzas, calzones, Italian subs and pastas. They opened 10 years ago with just family members and as the business has grown they have added more staff. The owners have 70 years combined experience making delicious Italian specialty dishes. Sales have been consistent for the last few years, but during Covid-19 revenue increased over $1,000 per week. Historical Summary: This location has been historically a very successful for a pizzeria. There has been an Italian restaurant in the same place for almost 30 years. Owner Qualifications: The buyer will need to have general business experience including employee management, customer relations and general accounting. Restaurant experience a plus. Competition: There are the usual chain pizza places in their market, but no authentic Italian restaurants. Potential Growth: The restaurant currently does not use online ordering. It is felt the online ordering would increase sales for the customers that prefer it and would increase efficiency lowering costs. Currently the restaurant only uses their own drivers, using delivery apps would increase their appeal to a broader customer base. LocationType of Location: Shopping Mall Lease Expires: Mar 1, 2023 Option: 5 year Lease Security: $4 Monthly Rent: $3,900 Monthly Common Area Maintenance: $800 Square Footage: 1796 Facilities: The facility is located in busy shopping center with large box stores as anchors. There are 1,796 square feet. Last Updated: Dec 30, 2020 / 10:22 AM Financial Information Current As Of: Dec 28, 2020 / 11:59 AM  |
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