Iconic Pizza Restaurant. Established 36+ years.

Burlingame, CA (San Mateo County)

Seller Financing Available
Iconic Pizza Restaurant. Established 36+ years.
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Asking Price: $647,000

Cash Flow: $261,930

Gross Revenue: $1,801,102

EBITDA: N/A

FF&E: $75,000

Inventory: $15,000*

Rent: $10,972.56 /Month

Established: 1991

*not included in asking price.

Iconic Pizza Restaurant. Established 36+ years.

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Business Description

**Buyer should have have at least 1 year restaurant ownership or management experience within the past 5 years to qualify**

Everything about this pizza business is an A+. The location, lease, and creative menu of pizzas all make this restaurant unique from the competition.

This is one of the highest volume pizza restaurants on the Peninsula. Sales have been increasing every year, and are up almost 5% this year also.

This business needs nothing: it is fully staffed with long term employees, the interior has been fully remodeled, the kitchen is up to date, and it is attractively decorated inside and out.

The current owner is ready to retire after 25+ years of ownership.

The facility is 3,144 sq.ft. with some additional outside patio seating.

The location is easy to get to from all over the Peninsula and there is plenty of parking available at all times.

EMPLOYEES: 10 Full Time + 12 Part Time

OPERATING HRS: 7 days: 11am-10pm

LICENSES: Beer & Wine

SEATS: 100 Inside + 36 patio

FACILITY SIZE: 3,144 square feet

RENT -Base: $9,432 per month

RENT -NNN: $1,550 per month

RENT INCREASE: 3% per year

EXPIRATION: 5 years

RENEW OPTION: 5 additional years

Detailed Information

Location:
Burlingame, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,144
Lease Expiration:
1/1/2029
Employees:
22
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
SEATS: 100 Inside + 36 patio FACILITY SIZE: 3,144 square feet RENT -Base: $9,432 per month RENT -NNN: $1,550 per month RENT INCREASE: 3% per year EXPIRATION: 5 years RENEW OPTION: 5 additional years
Competition:
This business is different from other Pizza restaurants. They offer several styles of pizza. With many regional favorites, the menu has a wide range of exclusive food varieties.
Growth & Expansion:
The current owner has been running this business for over 25 years. While they have been progressive with new ideas for many years, there are a number of innovative marketing strategies and other growth opportunities that can be taken advantage of, and a new tech-savvy owner will have numerous fresh opportunities to take the business to another level.
Financing:
$500,000 SBA financing
Support & Training:
4 weeks full time or more if needed.
Reason for Selling:
Retirement.
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Todd Moore

Business Listed By:
Todd Moore

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