Established Pizzeria For Sale

Norwalk, CT (Fairfield County)

Established Pizzeria For Sale
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Asking Price: $215,000

Cash Flow: $120,000

Gross Revenue: $680,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $4,250 /Month

Established: 2013

Established Pizzeria For Sale

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Business Description

Strong Revenue Stream, Well Established

Busy Pizzeria located in a small plaza on a main route in Norwalk. Business is currently in 5th year of operation. Revenue currently stands a shade under 700,000$/Yr. This is a great business, well established, with a good reputation. Something a more committed owner could turn into a $1,000,000/ year place. Business offers take out, dine in, and delivery. This is a wonderful opportunity for an experienced owner.

Detailed Information

Location:
Norwalk, CT
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,450
Lease Expiration:
6/1/2040
Employees:
15
Facilities:
2 Y600 Bakers Pride ovens, 4 terminal Revention POS system, brand new 2 door freezer, sizeable walk in box, 6 burner stove, salad station, etc, anything you need is here, all the essentials are included. All pieces of equipment within the restaurant are owned, nothing needs to be replaced.
Competition:
Fairfield County, and Norwalk in particular are strong markets for pizza sales. Within the immediate area there is some competition, but we have our fair share of the market. Restaurant is well established with a very strong and recognizable name, which will help to provide the new owner an advantage over other stores. Business is located in a plaza on a main route.
Growth & Expansion:
Most certainly room for growth. Within the pizza market, in terms of pricing, this store is on the lower end of the market. Current owner plans to increase pizza prices by .50$ in March, will increase revenue 15,000$ over the course of a year. Other menu item prices will also be increased, to fall in line with current industry standards. All told will amount to approximately 25,000$/Yr revenue increase. Restaurant also possesses weekly catering contract which generates enough revenue to pay rent on its own.
Support & Training:
Owner will stay on 1 month to train new owner.
Reason for Selling:
Changing Careers
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Business Listed By:
Not Disclosed

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