Profitable Pizza Place, Lots of Catering Seattle

Seattle, WA (King County)

Seller Financing Available
Profitable Pizza Place, Lots of Catering Seattle
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Asking Price: Get Financing: $149,999

Cash Flow: $80,724

Gross Revenue: $500,958

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $3,475 /Month

Established: 2002

Profitable Pizza Place, Lots of Catering Seattle

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Business Description

Sixteen years established serving great tasting pizza by the slice or the whole pie. In pizza slice sales alone is about $300 to $400 a day M-F. Than there is the delivery and pickup and best of all catering if you combine all these sales together they are projected to hit $500,000 this year. If that doesn’t put the cheese on your pizza I don’t know what will. For such a small little pizza place pumping out about a half million in sales annually. That’s a good stuff. The lease is good stuff too, very reasonable with lots of time left on it. Expires 2022 and has a 5-year option. So you will be making dough $$$ for a long time. You should also know the pizza catering here is at another level, 45 or 50 or more pizzas ordered at one time is not uncommon. Many if not most of these catering orders come in the mornings, not much pizza competition close by either. You have to see this exact location to understand why there is very limited competition. It’s a nice to prepare a huge pizza catering order first thing in the morning, as a business owner, I think it is going to be a good day. There is no other pizza place open in the mornings that is close by so the pizza catering orders pretty much all go through this pizza oven. Restaurant is 1,110 square feet, seats 12, has air condition. Plenty of parking and easy in and out access for your customers. Signage and visibility is good. Has big walk-in refrigeration, lots of work space, a big private office, lots of storage space. Way to expand already great sales is to increase the area of coverage for delivery, currently owner only delivers to a 2-mile radius. This could be expanded to 3 to 4 mile and sales would increase significantly. This is not a franchise so your creativity is on the menu. All the equipment is included in the purchase price to include the name and the business website. Although the website could be updated with more bells, whistles and shiny features. There is just lots of good stuff here for you, this is profitable, has a very good lease, has huge catering orders, very established, very little competition, owner even willing to teach his recipes to you. It all smells good, you should check it out and see for yourself.

Detailed Information

Real Estate:
Leased
Building SF:
1,110
Lease Expiration:
8/31/2022
Employees:
4
Facilities:
Way to expand already great sales is to increase the area of coverage for delivery, currently, the owner only delivers to a 2-mile radius. This could be expanded to 3 to 4 mile and sales would increase significantly. This is not a franchise so your creativity is on the menu. This business website could be updated with more bells, whistles, and shiny features. There is no social media marketing currently being done to increase the sales.
Competition:
Way to expand already great sales is to increase the area of coverage for delivery, currently, the owner only delivers to a 2-mile radius. This could be expanded to 3 to 4 mile and sales would increase significantly. This is not a franchise so your creativity is on the menu. This business website could be updated with more bells, whistles, and shiny features. There is no social media marketing currently being done to increase the sales.
Growth & Expansion:
Way to expand already great sales is to increase the area of coverage for delivery, currently, the owner only delivers to a 2-mile radius. This could be expanded to 3 to 4 mile and sales would increase significantly. This is not a franchise so your creativity is on the menu. This business website could be updated with more bells, whistles, and shiny features. There is no social media marketing currently being done to increase the sales.
Financing:
80% down strictly a case by case basis
Support & Training:
2 weeks training offered more is negotiable
Reason for Selling:
Owner wants to move out of the area.
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(from currently available funds)
 
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David Smith

Business Listed By:
David Smith

Coldwell Banker Bain

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