Iconic Pizzeria - Price Reduced, Columbus, Ohio

Columbus, OH (Franklin County)

Seller Financing Available
Iconic Pizzeria - Price Reduced, Columbus, Ohio
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Asking Price: $199,500

Cash Flow: $80,000

Gross Revenue: $310,000

EBITDA: N/A

FF&E: $114,500

Inventory: $2,000*

Rent: $2,500 /Month

Established: 1950

*not included in asking price.

Iconic Pizzeria - Price Reduced, Columbus, Ohio

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Business Description

This iconic historic pizzeria is located in a busy Columbus suburb on a main street with high traffic counts. Strong sales and cash flow with loads of potential to improve sales and profits. This popular pizzeria has been in business for decades and has a very loyal clientele, as well as a dining room with 75 seats for dine-in customers. The menu includes excellent, fresh-made pizzas, subs, lasagna, pastas, as well as an assortment of appetizers including chicken wings, chicken strips, shrimp and fries.

There has been no advertising for the pizzeria. There is a huge opportunity for a buyer to increase sales with an effective advertising and couponing program, menu revisions and minor decor upgrades, as well as addition of beer and wine and the addition of a patio. Delivery is also an option to increase sales.

Detailed Information

Location:
Columbus, OH
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
N/A
Employees:
3 FT, 2 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The pizzeria is located on a busy main street with high traffic counts and great exposure for the building and signage. Kitchen with prep area, hood, range and fryers, pizza make and oven area with pick-up counter and large storage area..The dining room seats 75 customers and there is an area to build a patio with seating for 40 customers.
Competition:
Local and national chains in market area. This pizzeria is local and has been in business for over 60 years and has a very loyal following. Voted best pizza in area. Excellent opportunity to capitalize on hometown, historic pizzeria and upgrade operation to increase sales and profits..
Growth & Expansion:
Sales can be increased by expanding hours and days of business, opening for lunch, adding beer and wine to the menu and building a patio. The owner does not advertise or coupon, which would dramatically increase sales. Sales are steady and food cost are excellent. The recognizable name lends this to this operation for multi-unit expansion. It has a competitive edge with a dining room and is a cut above area pizza shops serving pastas, fried appetizers and dinners.
Financing:
Seller financing to qualified buyers.
Support & Training:
The owner will train the buyer in food prep, restaurant management and will share secret recipes.
Reason for Selling:
Owner retiring.
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(from currently available funds)
 
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Robert Welcher

Business Listed By:
Bob Welcher

RCI Business Brokers

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