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Overview

Italian Restaurants

Fast Growing, Very Profitable Pizzeria

Price: $975,000

Listing ID: PIZZA6

Entity Classification(M): S-Corp

Annual Sales: $1,378,114

Seller Discretionary Earnings: $504,971

Included Inventory: $6,000

FF&E: $187,000

Year Established: 2020

Days & Hours of Operation: 11-9 M-S 12-9 Sun

Inventory: $6,000

Reason For Sale: True Retirement

SBA Pre-Approved: Pending

Listing Status: Active


Summary

Description:

This authentic, New York style pizza, family oriented Italian restaurant is located in a densely populated area, on a busy highway. It is in a prime shopping center with ample parking for dining-in or picking-up great Italian food. No Delivery! The owners operate with a “family feel” atmosphere. With a vast menu and great service, they have quickly built a loyal following and continue to grow with new customers every day! There has been pizza at this location for 10+ years, The owners took over in October of 2020 and invested over $300,000. Then started using their family recipes, refined over 47 years. Sales immediately took off and now exceed $26,000 a week! Their menu has many classic Italian dishes, all made from scratch with the best ingredients available. This #1 rated REAL New York style Pizzeria offers; pizza by the slice, chicken marsala or 6 pizzas for a football game. With extensions, there are 11+ years left on their lease. All records can be validated by POS systems and tax returns. SBA financing is available for qualified buyers.

Competition:

There are many options for Pizza

Growth & Expansion Opportunities:

This business continues to grow organically

Competitive Advantages:

No Delivery

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Carmen Marzella, Esq.

Senior Broker - Attorney - Team Counsel - Cary, NC

Office: (919) 653-8800 Ext.1

Cell: (919) 413-5763

Contact Listing Broker

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Real Estate Transaction Handled by

2009 Caminos Drive, Raleigh, NC 27607

Real estate agent's disclosure Form

Location

Location: Wake County

Facilities Type: Strip Center

Monthly Rent: $3,231

Building Square Feet: 1,600

Facilities Description:

New upfitted space with new tables/chairs, well lighted

Labor

Full-time Employees: 6

Support & Training

Support & Training:

One owner will train buyer with recipes and processes. Second owner would stay on indefinitely.
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