50918-RB Pizza/Italian Restaurant and Take Out in Glen Allen, VA

Henrico, VA (Henrico County)

50918-RB Pizza/Italian Restaurant and Take Out in Glen Allen, VA

Asking Price:$160,000

Cash Flow:$72,000

Gross Revenue:$300,000

EBITDA:N/A

FF&E:$120,000

Inventory:$5,000*

Established:2012

*not included in asking price.

50918-RB Pizza/Italian Restaurant and Take Out in Glen Allen, VA

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Business Description

Profitable! Expandable! Established! Growth Potential!

This high grossing Brick Oven Pizza & Italian restaurant with 30 years of history, famous for their small plates, soups, salads, sandwiches, pastas, traditional Italian entrees and, of course, their brick oven pizza 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 corporate headquarters, great website, and upside potential.

Owner is motivated to sell fast!

Detailed Information

Inventory:
Not included in asking price
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business opened in 1980 in the Greater Richmond Area. This location opened in 2013. 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. 1,200 exciting square feet, 10% rent factor of $2,650 gross (includes CAM property Taxes) per month plus utilities, 40 seats, high grossing, highly acclaimed, full under-utilized beer/wine serving, prime location, 30,000 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 with multiple corporate headquarters.
Competition:
Prime location close to busy shopping area in region with multiple corporate headquarters and major retail with 30,000 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:
2 weeks
Reason for Selling:
moving

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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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