Popular Italian Pizzeria with great lease

Pawtucket, RI (Providence County)

Seller Financing Available
Popular Italian Pizzeria with great lease
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Asking Price: Get Financing: $165,000

Cash Flow: $180,000

Gross Revenue: $520,000

EBITDA: N/A

FF&E: $60,000

Inventory: $2,500*

Lease Rate: $15 /SF/Year

Established: 1977

*not included in asking price.

Popular Italian Pizzeria with great lease

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Business Description

Proven profitable turnkey operation. Pizza sales represents 80% of total revenue. Well established for more than 40 years in the same popular location. Huge foot & car traffic with plenty of parking. Densely populated area. Great lease. Easy to run with easy menu, make money from day one. $10,000 sales per week with room for growth. Owner financing of up to 30% available to qualified buyer

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
880
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
40 years in the same popular location. Heavy foot & car traffic. Densely populated area. Fully equipped. Great lease. Lots of parking. Great lease ($18,000/year all included, 5 years + 2 options)
Competition:
Two of existing pizzerias recently close. This pizzeria, with strong name in town, will pick up those clients. Consolidated neighborhood is not going to change
Growth & Expansion:
Need more aggressive online ordering. Distribute menus & flyers to local churches, schools, businesses, factories, etc. Increase delivery service.
Financing:
30%
Support & Training:
Seller will provide training and support
Reason for Selling:
Seller lost his partner.
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Contact the Seller

(from currently available funds)
 
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Javier Castro

Business Listed By:
Javier Castro

Boston Bay Business Brokers

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