MergerPlace

Italian Artisan-Style Pizzeria

Oklahoma (Oklahoma)


  • Asking Price: $290,000
  • Gross Income: $537,999
  • Cash Flow: $86,307
  • Real Estate: Not Disclosed
  • Inventory: $2,500
  • FF&E: $111,831
  • Listing ID: #202385
  • Established: 2011
  • Employees: 5 FT/8 PT

Business Description

This is a great opportunity to own a Gourmet Pizza Shop in a great part of OKC. The business is suitable to be operated as an owner operator or as an absentee owner. This attractive artisan style pizzeria enjoys high exposure located in a growing and trendy area of OKC. The Business had gross sales in 2016 of over $600,000.00 with plenty of room for growth. The store is 2500 sq. ft. and is in excellent condition. The restaurant has an over-sized kitchen area with deck/stone pizza ovens, multiple coolers and a POS & 8 camera Surveillance System. The Surveillance System is set up so you can view all areas of the restaurant where internet is available: from your cell phone, office or home computer. The Pizza Shop has added a Food Truck recently as well which will add to the revenue and earning going forward. The business is located in a strip plaza on a busy street averaging about $13,000 per week in sales. The restaurant does not currently offer delivery which could also be an additional source of revenue in the future. Additionally, the restaurant has a Oklahoma State beer and wine liquor license and offers over 20 types of beers and wines. The current owners are hands-on-operators currently but averages only roughly 40 hours per week. This is a turnkey business and would be a good opportunity for an individual, for 2 partners, or as a family business.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Oklahoma
County: Oklahoma

Company Information

Year Established: 2011
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5 FT/8 PT

Financial Information

Asking Price: $290,000
Gross Revenue: $537,999
Cash Flow: $86,307
FF&E: $111,831
Inventory: $2,500
Seller Financing Available: No

Property Information

Facilities:

The business is located in a 2500 square foot leased space in an area of OKC that is popular with young people and families that make up a large portion of the Pizza buying demographic. The current owners are in the first year of a 5 year lease with options to renew. The current rent payment is $4760.00 per month. The current rent includes an office that the current owner rents in the building for 350.00 per month and will not be included in the rent payment for the new owner.

Growth & expansion opportunities:

The potential for growth is tremendous. The area is an up and coming growth area of the city, popular with young adults and families. The addition of the food truck if utilized will make a huge difference in revenue and earnings. The current owners have not allocated many funds to growing the business through marketing (direct mail etc.) so this is a golden opportunity to market the business. The business currently is a well recognized business in the community and enjoys great reviews from Yelp etc. Also, the business has a well developed and professional website.

Competition:

With a new owner who is eager to grow, this business can go to the next level of sales and profitability. Hours of Operation for the shop are 11am until 9 pm Sunday through Thursday and 11am to 10pm Friday and Saturday. The business currently has 8 part time and 5 full time employees. The current owners average 40 hours per week each. An almost new food truck is included in the assets and valued at $40K. The current owners have not utilized the food truck to its potential and will provide an additional source of income not currently being realized.

Reason for selling:

The current owner has other business interest. A new energetic owner can take this business to the next level. With a new owner who is eager to grow, this Pizza Shop can go to the next level of sales and profitability.

Support & Training:

Will train for 2 weeks @ no cost. The current owners will provide two weeks of no cost training to assist the new owner with the transition. A new energetic owner can take this business to the next level. The current owner will provide 2 weeks of on site training for transition assistance and 2 weeks of on call support.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Geary Welch

Murphy Business Brokers