54860-CW Pizza Restaurant and Take Out in Ashland, VA for $755,000

Ashland, VA (Hanover County)

54860-CW Pizza Restaurant and Take Out in Ashland, VA for $755,000

Asking Price:$525,000

Cash Flow:$205,000

Gross Revenue:$1,011,000

EBITDA:N/A

FF&E:$150,000

Inventory:$4,000

Lease Rate/Sq. Ft.:N/A

Established:N/A

54860-CW Pizza Restaurant and Take Out in Ashland, VA for $755,000

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Business Description

This high grossing Brick Oven Pizza & restaurant with 20years of history and clients returning, is famous for their brick oven pizza, pastas, traditional Italian entrees and, of course, their premier brick oven pizza specials in a prime location is an outstanding opportunity.

This opportunity has all the elements for success low rent, high traffic, outdoor seating, and cozy upscale ambiance, high gross, major retail area, near multiple retail out lets, great website, and upside potential.

Owner is motivated to sell fast!

FOR ONLY $525,000

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,500
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This location opened in 1996. Proven Business Model. Proven Cash Flow. No Competition in the area of the Brick Oven Pizza Business. Proprietary Systems and Recipes. Scalable Business ready for expansion. 3,500 exciting square feet, (includes CAM property Taxes) per month plus utilities, highest seats count, high grossing, highly acclaimed, full utilized beer/wine serving, prime location, thousands of cars drive by daily, code grease trap, popular lucrative outside seats, brick pizza oven, full kitchen with all the bells and whistles, close to busiest shopping area in region and high ways.
Competition:
Prime location close to busy shopping area in region with multiple corporate headquarters and major retail with thousands of cars passing daily.
Growth & Expansion:
Huge opportunity to improve in office deliveries, Home deliveries, marketing & networking. Perfect location to promote happy hour, Parties and other promotions would send this already high grossing restaurant through the roof.
Support & Training:
4 weeks
Reason for Selling:
retiring

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Cobus van der Watt

Business Listed By:
Cobus van der Watt

Transworld Business Advisors of Richmond VA

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Sponsoring Broker:
Transworld Business Advisors CEO, Rupesh Bharad

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