Established Pizza business For Sale & Property for Rent since 1985

Chicago, IL (Cook County)

Seller Financing Available
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Asking Price: $100,000

Cash Flow: $105,000

Gross Revenue: $350,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $200,000*

Established: 1985

*not included in asking price.

Established Pizza business For Sale & Property for Rent since 1985

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Business Description

Successful Pizza business

I would like to sell the business and rent the property of the pizzeria. It is located on the northwest side of Chicago in a safe neighborhood.
I am willing to sell the pizza business fully equipped with everything you need. I am renting the property at this time for $1800.00 per month on a 5 year contract. 3% increase per year. Please call with questions.

Detailed Information

Location:
Chicago, IL
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
2,125
Employees:
8
Facilities:
This is a fully equipped pizzeria and is currently running. All assets that are needed to run will be kept as is. I am willing to sell the building at the time of the sale or you also have the choice to rent the building for the business. Please call me for more information on that business model.
Competition:
There are about 3 other pizzeria's in a 5 mile radius of Giovanni's Pizza. We have always felt that they are not a competition for us. For the past 34 years we have prided ourselves on quality ingredients for our food, which we will show the buyer after time of sale.
Growth & Expansion:
There is an apartment in the back that can easily be converted to part of the business as a dine in or expansion of a full kitchen. If the buyer has a vision, then we would weigh in on it with opinions if they want.
Financing:
Business and property will be sold as 2 separate entities. combined is 300,000.
Support & Training:
My staff and I will be happy to provide full support and training until the buyer is fully trained and confident to be on their own.
Reason for Selling:
Would like to start retiring.
Business Website:
http://giovannispizzachicago.com
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Business Listed By:
Giovanni Mule'

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