MergerPlace

Pizza Shop - Great Location - Must Sell

Pennsylvania (Lancaster)


  • Asking Price: $120,000
  • Gross Income: $360,000
  • Cash Flow: $51,448
  • Real Estate: Not Disclosed
  • Inventory: $3,000
  • FF&E: $65,000
  • Listing ID: #207320
  • Established: 2017
  • Employees: 3 FT/ 5 PT

Business Description

This restaurant is a pizza shop with take-out and delivery. The menu also includes various sandwiches and Italian items. The seller has another restaurant in another state that he has owned for about ten years. He wanted to grow this location and has been traveling between the two locations since it opened in August of 2017. The owner works seven days per week and has a 90 minute commute between the restaurants. However, due to recent health issues, traveling has become very difficult. The owner is in a position where he needs to sell.
The seller spent over $70,000 in 2017 in preparation of opening the restaurant. Most of that amount was spent on the purchase of equipment. All of the equipment is included in the sale. Remodeling was also done before the restaurant opened. Remodeling includes a new front counter and enclosing the kitchen and creating a window counter. A new owner can step in and start operating the restaurant immediately; everything that is needed is in place. The restaurant is located in a very high traffic area.
This is a great opportunity for the right buyer!


Business Details

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

Company Information

Year Established: 2017
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT/ 5 PT

Financial Information

Asking Price: $120,000
Gross Revenue: $360,000
Cash Flow: $51,448
FF&E: $65,000
Inventory: $3,000
Seller Financing Available: Yes

Property Information

Facilities:

This is a stand alone building with ample parking, seating for 50 and in a very high traffic location.

Growth & expansion opportunities:

This restaurant is in a great, high traffic location. The restaurant was only opened in 2017, so there is a lot of potential for increased revenues. Also, the current owner has only done limited marketing; an increase in marketing and advertising would also boost revenues.

Competition:

The competition is from local pizza shops.

Reason for selling:

The business is for sale due to the owner's health issues.

Support & Training:

Will train for 4 weeks @ no cost. This restaurant is a pizza shop with take-out and delivery. The menu also includes various sandwiches and Italian items.

Contact Business Seller

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Business Listed By:

Gary McCauley

Murphy Business Brokers