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Under Contract

Norwich, CT (New London County)

Asking Price:$395,000

Cash Flow (SDE):Not Disclosed

EBITDA:Not Disclosed

Gross Revenue:$1,100,000

Established:1990

Business Description

Sale Pending

TURNKEY & PROFITABLE PIZZA RESTAURANT – PRIME LOCATION!

Established in 1990, this thriving pizza restaurant represents an exceptional opportunity in Norwich, CT's competitive dining market. With over three decades of operation, this cash-flowing business has built a loyal customer base and demonstrates consistent profitability.

BUSINESS HIGHLIGHTS:
• Turnkey operation with experienced manager in place
• Easy-to-run business model with established systems
• Excellent curb appeal and prime location visibility
• Minimal competition with strong customer loyalty
• Steady customer growth over the past three years
• Clean books and verifiable numbers, supported by a great POS system

LOCATION & LEASE TERMS:
• 1,600 sq ft restaurant space
• Lease rate: $2,400/month
• Long-term lease security through December 31, 2038
• Strategic location in New London County

GROWTH OPPORTUNITIES:
• Immediate $600K annual revenue potential by reintroducing breakfast service
• Pre-COVID breakfast operations were highly profitable
• No competing breakfast establishments in immediate area
• High customer demand for breakfast offerings
• Potential to immediately increase total revenue to $1.7M+ annually
• Cash flow could easily exceed $350K with breakfast addition
• Hundreds of new apartment units under construction nearby

INCLUDED ASSETS:
• FF&E valued at $150,000
• Established recipes and operational procedures
• Trained management team

SUPPORT & FINANCING:
• Two weeks comprehensive training provided
• Seller financing available up to 30% for qualified buyers
• Owner selling due to other business opportunities

This profitable, well-established restaurant offers an ideal combination of current cash flow and significant expansion potential, making it perfect for an owner-operator or investment opportunity.

Ad#:2170459

Detailed Information

Inventory:

$7,500
Not included in asking price

Furniture, Fixtures, & Equipment (FF&E):

$150,000
Included in asking price

Employees:

12 (5 Full-time, 7 Part-time)

Facilities:

The restaurant presents well with a nice curb appeal. The bathrooms are very clean. The kitchen area has all the amenities needed to run a busy operation. Fully equipped, the restaurant has a double decker professional ovens, two refrigerated prep tables, walk-in cooler, walk-in freezer, 60 Qt Hobart dough mixer, Complete Toast POS system with two register stations, two kitchen display screens and 3 handheld stations, smallwares, and all kitchen equipment needed for daily operations. Clean, functional layout with 47 seats. Turnkey operation with everything in place for a new owner to step in and operate immediately.

Competition:

Competition is minimal, and the restaurant is loved by its customers. Also, within the last 3 years, there's been a steady growth in the number of customers.

Growth & Expansion:

An immediate $600k/year growth potential can be realized by adding breakfast. This is because pre-Covid, the restaurant used to offer breakfast and was very busy doing so. There are no restaurants in the immediate area that offer breakfast currently and customers keep asking about when it will be brought back. Adding breakfast would increase revenues to more than $1.7 Million/year and potentially bring the cash flow to more than $350k/year. Also, there are hundreds of apartments that are being built near the restaurant, some of which are almost finished.

Financing:

Seller financing available

Up to 30% for qualified buyers

Support & Training:

2 weeks of free training, or until the new owner is comfortable with all aspects of management.

Reason for Selling:

Other business opportunities

Business Location

Location:: Norwich, CT
Real Estate:: Leased
Building SF:: 1,600
Lease Expiration:: 01/03/2039
Rent:: $2,400.00

Demographic Information for Norwich Area Household Income Population Age Population Trend Population by Race/Ethnicity: BizBuySell EDGE

Financial Benchmarks for Connecticut Pizza Restaurants Gross Revenue Benchmarks Cash Flow (SDE) Benchmarks EBITDA Benchmarks: BizBuySell EDGE

Listing Statistics Saved This Listing Listing Last Updated Appeared in Search Listing Detail Views: BizBuySell EDGE

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Business Listed By:
Saad

Phone Number

Ad#:2170459

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
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