Retail - Other Eating & Drinking Places | Retail - Restaurants

Asking Price	$350,000	Inventory	$2,500*
Gross Income	$781,668	Real Estate
Cash Flow	$108,294	Year Established	1985
FF&E	$91,000*	Employees	6 ft/ 8 pt

* included in the asking price

** not included in the asking price

Independent take-out and delivery pizza business established in 1985 by current owner. Located in a south metro suburb, sales have been strong for many years. The owner has outstanding recipes and many customers have been loyal to the business since it opened. Chicken and other popular items provide menu diversity and makeup about 30% of sales. Business serves a busy corridor stretching to the airport hotels, Mall of America and west to I35W. Approximately 87% of sales are delivery. Hours are 4pm-1am Monday through Thursday, till 2:00 am Friday and Saturday and 12:00 pm on Sunday.

Facilities: Building is part of a small strip mall that has plenty of parking space and easy access. Owner s lease expires in 2008. Rent is $2154 (includes CAM) for 1400 square feet. The kitchen is set up to handle high volume and a modern computer system helps keep orders straight. The computer system cost $15,000 in 2005.

Competition: Business has an ideal location for take out & delivery of Pizza. Both commercial and residential markets are within 30 minutes of the business with over forty hotels to tap into. Sales in 2008 are ahead of last year and Seller’s cash is increasing. Outstanding food and many loyal customers are the backbone of the business. Majority of sales are take out or delivery so overhead costs are lower than sit down establishments.

Growth/Expansion: Sales and net income in 2008 are ahead of last year for the first eight months. Lunch, catering and longer evening hours could add more sales.

Financing: SBA financing available

Support/Training: Seller will provide transitional support and training to buyer.

Reason Selling: Retirement