Three unit successful take-out pizza restaurant

Corona, CA (Riverside County)

Three unit successful take-out pizza restaurant
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Asking Price: $1,250,000

Cash Flow: $443,981

Gross Revenue: $1,953,103

EBITDA: N/A

FF&E: N/A

Inventory: $30,000*

Established: 2012

*not included in asking price.

Three unit successful take-out pizza restaurant

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Business Description

This opportunity is what many of our restaurant Buyers dream of: a business that has pushed through the painful startup and build-out phases.  A business with a great repeat customer base and fantastic net cash flow.  A business that a new owner can step into on Day One and work on the business, not in the business.

The business is a well-established, 3 location, grab and go pizza concept.  They offer high quality, delicious pizza (from proprietary recipes) at affordable prices.  Their menu is deliberately simple: pizza (cheese only or with toppings), one style of buffalo wings, one style of breadsticks and bottled drinks.  This strategy streamlines operations, with fewer ingredients and steps, they require less complication and therefore less inventory.  Each location is operated by a full-time experienced manager and run by part-time employees.

This opportunity can be taken in many directions, depending on the strategy and experience of the Buyer.  One strategy is to maintain the status quo; keep operations and revenue as is.  However, for those Buyers looking for a base to expand, there is ample room for growth here.  The stores gross $2M annually with minimal advertising: 97% of sales come from walk-in customers.  They do no deliveries themselves (a tiny portion of sales come from UberEats and DoorDash). They do no social media marketing, no coupons or special offers, and don't operate a reward system to build a database of customers.

This is a very successful business; the owner's desire to change industries is your opportunity.  It has very clean books and records; SBA pre-qualified for eligible buyers. Note that all 3 stores will sell together; this is a package deal.  Menu, recipes, and branding are included with the sale.  This fantastic opportunity will not last long. Contact your Agent today!

Detailed Information

Inventory:
Not included in asking price
Employees:
20
Facilities:
Three Stores Lease Details: Lease: $3,100.33/mo. - 1495 sqft - 3%/yr increase.  Expires 8/31/2020 - 1 x 5 yr option Lease: $1,750.00/mo - 1132 sqft - no current increases.  Expires 8/31/2020 - 1 x 3 yr option Lease: $3,965.84/mo. - 1600 sqft - 3%/yr increase. Expires 12/31/2021 - 1x 5 yr option
Support & Training:
30 days and 6 months phone support
Reason for Selling:
Changing industries
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Contact the Seller

(from currently available funds)
 
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Nour Mattar

Business Listed By:
Nour Mattar

BottomLine Business Brokers

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Sponsoring Broker:
Sean Edelstein

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