Popular NE Portland Specialty Pizza Shop

Portland, OR (Multnomah County)

Seller Financing Available
Popular NE Portland Specialty Pizza Shop
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Asking Price: Get Financing: $98,900

Cash Flow: $52,133

Gross Revenue: $360,799

EBITDA: N/A

FF&E: $12,000

Inventory: $500*

Lease Rate: $1,200 /SF/Month

Established: 2007

*not included in asking price.

Popular NE Portland Specialty Pizza Shop

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Business Description

Location Demographics Ideal for Pizza Business - Great Growth Potential

Established quality neighborhood pizza business on a mission to serve up the finest pizza, salads, and desserts that are out of this world. Open kitchen, Portland vibe with indoor seating accommodating approximately 40 with additional sidewalk dining for up to 20. Beer on tap and in can/bottle along with other non-alcoholic beverages. Take-out and delivery available. Located near high density residential area with great business and residential demographics appropriate for a pizza business.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
700
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This pizza business started in the mid 90’s in downtown Portland and re-located to its current NE shop in 2007. The space was totally renovated at the time it opened and grew to nearly $400k in annual sales. In 2017 the seller converted to an owner operator model and started to diversify their business model. The seller also reduced hours of operation, changed delivery methods from in-house to utilizing various delivery service companies, and reduced investment in marketing and advertising. The business currently has a full-time manager and 2 other competent full-time employees. One week of training is included in price.
Competition:
This is the only specialty non-franchised pizza shop in the neighborhood. Strong repeat customer base with excellent location, close proximity to other businesses, hospital, schools and in high density residential area on busy street. This is the casual neighborhood pizza and beer establishment you would take out of town guests to.
Growth & Expansion:
This business is ideal for an owner/operator seeking own place and has huge potential. Opportunity to increase profits through decreasing labor hours, implementing in-house delivery service, expanding hours of operation including Sundays, menu expansion, implementing sales and marketing program with strategic focus on neighborhood businesses, schools, hospitals and private residents.
Financing:
28900.00
Support & Training:
1 week
Reason for Selling:
other interests
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Daren Bucklin

Business Listed By:
Daren Bucklin

Transworld Business Advisors of East Portland

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