MergerPlace

Local, Established Family Pizzeria

Virginia


  • Asking Price: $300,000
  • Gross Income: $771,274
  • Cash Flow: $163,649
  • Real Estate: Not Disclosed
  • Inventory: $10,000
  • FF&E: $70,000
  • Listing ID: #213329
  • Established: 2005
  • Employees: 4 FT / 20 PT

Business Description

A local, family-owned and operated, pizza and Italian bistro situated in beautiful central Virginia. The restaurant specializes in New York/Jersey style pizza which is 75% of their business with the remaining 25% from typical Italian fare. The restaurant has solid financials with predictable and consistent revenues. With 70% of orders “pickup”, there is potential to grow revenue through the addition of delivery service. The restaurant is located approximately 200 yards from the entrance to a gated, 4200 home community that contains 63 miles of paved roads.


Business Details

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

Company Information

Year Established: 2005
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT / 20 PT

Financial Information

Asking Price: $300,000
Gross Revenue: $771,274
Cash Flow: $163,649
FF&E: $70,000
Inventory: $10,000
Seller Financing Available: Yes

Property Information

Facilities:

The restaurant is located in a popular and active commercial strip area. The restaurant is 1600 sq. ft, renting for $2248/month and with a lease that expires 2022 with available options to extend. The facility has seven booths and seven square tables, seating for about 54 people and a counter area for pickup orders.

Growth & expansion opportunities:

Potential growth from adding a delivery service is 25-30% based on the close proximity to paved gated community with many New York and New Jersey retirees. Additional marketing efforts and promotions will contribute to this growth.

Competition:

There are two franchise pizza operations in the vicinity that have been there for years.

Reason for selling:

Retirement.

Support & Training:

Will train for 4 weeks @ $0 cost. Villa Nova’s offers New York/Jersey style pizza and Italian specialties. The restaurant offers dine-in and pickup service. There is no delivery service offered which is an area of great potential. The restaurant has an ABC license. Management experience is important.

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Business Listed By:

Fred Walker

Murphy Business Brokers