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Well Established Pizza Restaurant
Asking Price : $550000 Plus Inventory, Approximately $5,000
Inventory : $10000
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Confidential Visit Summary of Business
Well-established neighborhood Pizza Restaurant for 50 years. The current owner of 35 years. Above gross and net are on the books from 2020. 2021 has increased considerably over 2020. Currently, sales are approx. $120,000 per month and growing. Freestanding building with 2 dining rooms. Freeway location with huge Pylon signage. Seller does no delivery and does not sponsor any sports teams. Only deliver services are from Doordash, etc. Additionally, there is a second dining room that would serve well for booking parties and sports teams.
Other Details
Reason for Sale: Retiring after 35 years
Income
Gross Yearly Sales: $120000
Adjusted Yearly Net Profit: $160000
Rent
Total Rent: $10000
NNN: $900
Length of Lease: Length of Lease: 10 years
Options: 0
Sq. Ft: 3,192
Occupancy: 97 inside and 38 outside patios
Employees
Number of Employees: 8
Full time: 4
Part time: 4
Hours of Operation: 11 am - 10 pm daily
Payroll: $ 20000
Expenses
Insurance: $ 14400 per year
Any other expenses: $ 2300
Additional Details
Year Established: 1972
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