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Established and Profitable Pizzeria - Reduced for Quick Sale!
North CarolinaListing DetailsOffice ID: PIZZA4
Status: Sold
Listing Broker: Joe Vagnone
Listing Price: $80,000
Gross Revenue: $368,668
Cash Flow: $100,000
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:
Seller is willing to consider a small down payment for the right, qualified buyer.
Reason for Sale:
Owner is retiring and pursuing other interests.
Training:
Seller will stay to train a new owner.
OperationsYear Established: 1985
Form of Ownership: LLC
Employees (part-time): 1
Employees (contractors): 2
Managers: 1
Business Hours: Monday-Thursday 11 am – 9 pm, Friday-Saturday 11 am – 10 pm., Closed Sunday
Summary
Business Description:
This profitable, well-run, established family owned restaurant in the heart of the Lake Norman area has been in business since 1985. Serving delicious authentic New York style pizza, pasta, wings, appetizers and salads, this gem has become a local favorite! Located in the town’s busiest area, this dine-in, take-out or delivery pizzeria is one of the busiest in town. The owner’s passion about the quality of food and service are what has made this business so successful for the past 35 years of operation. This business enjoys top ratings and reviews, with an average rating of 4.8 on Google, 4.5 on Yelp, and 4.5 on Tripadvisor, out of a possible “5.” This business offers a new owner a fantastic opportunity to take an already successful operation to the next level. This is a highly motivated seller, ready to make a deal, and all offers will be considered.
Historical Summary:
Moved from Davidson to current location in 2012.
Owner Qualifications:
Cook, clean, food prep, planning skills, bookkeeping, purchasing – any job involved with running a restaurant.
Competition:
There are 3 main competitors in the market area containing numerous competitors. This business competes on the basis of lower price, service and specials.
Potential Growth:
Potential growth is limited only to the time and effort a new owner is willing to put into the business.
LocationType of Location: Strip Center
Real Estate for Sale: Yes
Lease Expires: Mar 1, 2018
Option: 5 years
Monthly Rent: $2,600
Square Footage: 1000
Facilities:
Business is located in an extremely busy strip center with heavy traffic.
Last Updated: Jan 4, 2018 / 6:45 PM
Financial Information Current as of: May 26, 2017 / 12:47 PM