33 year old established Pizzeria/fast food

Randolph, MA (Norfolk County)

Seller Financing Available
33 year old established Pizzeria/fast food
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Asking Price: $475,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: $6,000*

Rent: $2.66 /Month

Established: 1985

*not included in asking price.

33 year old established Pizzeria/fast food

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Business Description

Busy Pizzeria and fast food

Famous award winning local pizzeria with extensive menu to appease all tastes. Opened in 1985 run by current owner since June of 1995. Loyal repeat customers, busy and very profitable.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,240
Lease Expiration:
9/1/2039
Employees:
11
Facilities:
1.240 sq feet, well maintained equipment, seats 32 with nice dining room area and counter with seats. Huge parking lot, plenty of storage. 20 year brand new lease, base rent 3,300 plus NNN.
Competition:
Tons of businesses within 1-5 miles ratio that we deliver to or come in for lunch or take out.Also the Town has a 30,000 resident population, and it gets very busy after 4 for dinner. Have some unique items on the menu that make us the place to go.
Growth & Expansion:
Business needs new motivated owner, some advertising ( have not advertised in 4 yrs) and a love for making great food. A little advertising increases sales significantly immediately.
Financing:
Asking 290 - 360 k down with remaining bal. finance for 5 years with 8% interest
Support & Training:
Will stay with new owner for a month to establish smooth transition and training.
Reason for Selling:
After 23 1/2 years running it is time to retire.
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Business Listed By:
HARRY

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