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Gourmet Pizzeria
Location: United States -> Pennsylvania -> Philadelphia
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

ASKING PRICE: $650,000

Pizzeria offers a wide variety of gourmet pizza; 65% of revenues from deliveries; landlord will provide below market rent in this hi-end neighborhood with lots of new buildings under construction and no nearby competition. The neighborhood that they are in is undergoing a huge real estate development that is going to bring hundreds of new customers.

Competition: None.

Potential Growth: Enormous with the advent of new construction and below market rent. Philadelphia is a young, developing city that's ripe for business.

Gross Revenue: $ 1,057,000
Cash Flow: $ 350,000
FFE: $ 6,000 (Included in Price)
Inventory: $ 3,000 (Included in Price)
Reason for Sale: Seller is getting divorced.
Training & Support: Will provide as necessary.

Year Established: 2000
Days & Hours of Operation: 7 days
Employees: 9
Absentee Owner: No

Monthly Rent: $ 1,500
Square Footage: 1,200
Facilities: Well designed with super large display case to show off some of the varieties of pizza available. Seating for 12 plus 4 outside. Pizza oven and cooking appliances.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,057,000
Cash Flow:   $350,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $9,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2000
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Will provide as necessary.
Reason For Selling:  Seller is getting divorced.




Print Listing Id: 700235631
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Pennsylvania Businesses For Sale > Pennsylvania Franchises For Sale > Pennsylvania Business Brokers



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