Covid Resistant Profitable Authentic Pizzeria
NCListing DetailsOffice ID: PIZZA5
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 Included: Yes
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Reason for Sale:
Owner is retiring
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
Business Hours: Mon-Sun 11-10
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.
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.
The buyer will need to have general business experience including employee management, customer relations and general accounting. Restaurant experience a plus.
There are the usual chain pizza places in their market, but no authentic Italian restaurants.
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
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