MergerPlace

Long Est. Pizza Restaurant

Virginia


  • Asking Price: $125,000
  • Gross Income: $607,379
  • Cash Flow: $73,952
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $57,500
  • Listing ID: #220310
  • Established: 1968
  • Employees: 2 FT / 5 PT

Business Description

Branded Turnkey License Operation

$607,000 Gross Sales

$50,000 FF&E & $5,000 Inventory Included

$74,000 Discretionary Earnings

This opportunity is an established well know Brand operating over 50 years in Hampton Roads Virginia. This business offered for sale, is located in a high traffic area inside a shopping district area on a major thoroughfare with a high traffic count. The Pizza Restaurant has been providing its local area with great quality food, entertainment and service. Specifically, it’s evolved to a local’s place to go and meet for a great social event coupled with great food. They specialize in a dining experience of unique pizza and other dishes, but also are well known for carryout and delivery. Currently the owners are absentee and the facility is managed by on site managers. The facility can continue to run absentee or increase profits if a new owner steps in and manages the operation. The cash flow and discretionary earnings depicted above reflect an owner-based operation, as this a perfect opportunity for someone to take over and operate. Systems are in place as well as an experienced staff for a Buyer to step in and operate as this is one of several branded locations in the immediate area. Operating under a license agreement there will be assistance and guidance from the Brand Headquarters. And the combined Brand Headquarters as well as the seller will offer a smooth and organized transition into the business.


Business Details

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

Company Information

Year Established: 1968
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT / 5 PT

Financial Information

Asking Price: $125,000
Gross Revenue: $607,379
Cash Flow: $73,952
FF&E: $57,500
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

Operating in 3,000 square feet the space is competitively priced at $2,900 per month. The facility is fully equipped and the operating kitchen equipment is all relatively new and in excellent condition.

Reason for selling:

Other business interests.

Contact Business Seller

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Business Listed By:

Frank Chebalo

Murphy Business Brokers