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Pizzeria Nets $170k

Monroe County, PA

Seller Financing Available
Pizzeria Nets $170k
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Asking Price: $350,000

Cash Flow: $170,000

Gross Revenue: $487,258

EBITDA: N/A

FF&E: $125,000

Inventory: N/A

Rent: $4,403 /Month

Established: 2005

Pizzeria Nets $170k

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Business Description

Successful New York style pizzeria restaurant with a wonderful and well-known reputation to its many customers. The business presently has no delivery service and small percentage of catering which if instituted can substantially increase gross sales. The business is known for its delicious, fresh Italian cuisine, and they offer a great lunch, dinner and wonderful service. They have a full selection of lunch and dinner selections, daily specials and no delivery. The passion to provide delicious Italian cuisine and oven pizza has always been a driving force for this restaurant. This pizzeria operation consist of 3 full time & 16 part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis and a weekly base salary, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $17,000. The business transaction will offer an assignable commercial lease which expires 2025, plus additional options available, with a monthly rent of $4,403 cost per square foot is estimated at $21.15 and rent security of approximately $6,000. The business has been valued / priced at $350,000 approximately 2.5 times the net yearly income which is based on the seller’s representation of a multiple of the net yearly income which includes the value of the specific business assets. Also, possible seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

Detailed Information

Location:
Monroe County, PA
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
N/A
Employees:
19
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The pizzeria restaurant representing an attractive retail facility consist of approximately 2,000 square feet and has a modern professional appearance. The business is in a mid-size exterior commercial mall with various other active and successful businesses. This opportunity is in south eastern Pennsylvania, Monroe County, which consists of various highly populated communities with continued demand for this food service and industry.
Competition:
To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth & Expansion:
This pizzeria business can be further expanded by improving the existing marketing plan and local advertising. Additionally, the company has no delivery, a limited non-optimized web site and if adjusted can further develop the business yearly gross sales. Further improvement can be obtained by developing their catering services.
Financing:
May be available to a qualified buyer with an appropriate down payment.
Support & Training:
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
Sale is due to owners relocation out of the state of PA.
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
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Regal Consulting Corp.

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