Price: $2,200,000
Industry: Restaurants and Other Eating Places
Listing ID: 031325
Listing Status: New
Pizza and sub restaurant with real estate.
Total Sales: $2,055,000
Cash Flow: $500,000
EBITDA: $430,000
FFE: $33,761
FFE Included: Yes
Inventory: $12,000
Inventory Included: Yes
Year Established: 1991
Days & Hours of Operation: Tuesday-Saturday
Owner Hours Per Week: 30
Lender Pre-Qualified: Yes
Non-Owner Payroll: $412,108
Employees: 22
Managers: 4
Absentee Owner: No
Real Estate: $700,000
Real Estate Included: Yes
Monthly Rent: $2,200
Type of Location: Standalone on a major road thoroughfare.
Square Footage: 2818
Franchise: No
Relocatable: No
Facilities Information: Prime location, 2,818 sf building on .65 acres locate on the major road through town. It has a spacious interior with plenty of seating and a large parking lot behind the building. The restaurant is wheelchair accessible with entrances, restrooms, seating, and a enclosed patio. It also has a clean and cozy atmosphere. Large fully equipped kitchen with plenty of storage.
Reason For Sale: retirement
Training & Support: 4 weeks, as needed
Competition: 4 franchise pizza restaurants and 1 local pizza restaurant in town
Potential Growth: currently open 5 days a week.
Could open back sunday and mondays. Offer catering.
Financing/Terms: Owner financing on real estate with 10 % down, 5 years, 10-year amortization, payoff or renew after five years,
