Local, Established Family Pizzeria

Fluvanna County, VA

Seller Financing Available
5 Year Avg Revenue  -> $753,000
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Asking Price: $300,000

Cash Flow: $163,649

Gross Revenue: $771,274

EBITDA: $163,649

FF&E: $110,000

Inventory: $10,000

Rent: $2,248 /Month

Established: 2005

Local, Established Family Pizzeria

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Business Description

Great Family Restaurant in Scenic Virginia - Solid and Predictable Revenue

A local, family-owned and operated, pizza and Italian bistro situated in beautiful central Virginia. The restaurant specializes in New York/Jersey style pizza which is 75% of their business with the remaining 25% from typical Italian fare. The restaurant has solid financials with predictable and consistent revenues. With 70% of orders “pickup”, there is potential to grow revenue through the addition of delivery service. The restaurant is located approximately 200 yards from the entrance to a gated, 4200 home community that contains 63 miles of paved roads. Seller financing available for qualified buyer.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,600
Lease Expiration:
2/28/2022
Employees:
4 ft, 20 pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The restaurant is located in a popular and active commercial strip area. The restaurant is 1600 sq. ft, renting for $2248/month and with a lease that expires 2022 with available options to extend. The facility has seven booths and seven square tables, seating for about 54 people and a counter area for pickup orders.
Competition:
There are two franchise pizza operations in the vicinity that have been there for years.
Growth & Expansion:
Potential growth from adding a delivery service is 25-30% based on the close proximity to paved gated community with many New York and New Jersey retirees. Additional marketing efforts and promotions will contribute to this growth.
Financing:
$150,000 for Qualified Buyer
Support & Training:
4 weeks at no cost.
Reason for Selling:
Retirement
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Contact the Seller

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Fred Walker

Business Listed By:
Fred Walker

Murphy Business & Financial VA

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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