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Pizzeria For Sale
Location: United States -> Florida -> Royal Palm Beach
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

The pizzeria for sale located in Palm Beach County, Florida and offered by the restaurant brokers features high sales and below market rent. The 1,650 square foot space that seats 36 guests comfortably has a rent of only $1,800 per month including all CAMS and taxes. The rent on this pizzeria for sale will not increase until May of 2020. At that time a modest 3% increase in total rent will hold steady for another five years. The total rent is below 4% of gross sales. As industry standard calls for rent to be 10% of gross sales the lease on this pizzeria for sale will enable the new owners to continue with high net profits for years to come. The current owner, who has been in place since 2010, has gross sales in excess of $570,000 annually and a return of $140,000 in owner benefits in 2016.

The restaurant has been pre-qualified for an SBA loan. This means that if you have good credit you could purchase this business with just 25% down!

The plaza that is home to this successful pizzeria for sale and Italian restaurant business sits on a very busy intersection. Your neighbors in this plaza include a sports bar, Latin restaurant, Hair Salon, Barber Shop, Day Care, Gas Station, and more.

The pizzeria for sale and Italian restaurant has a very nicely decorated and recently renovated dining room that seats 36 guests. Approximately 40% of the sales are achieved through dine-in guests. Another 40% of sales are from delivery and 20% from pick-up. The pizzeria for sale restaurant features a full menu complete with all of your favorite Italian specialties made with chicken, veal, eggplant, and seafood. Of course baked Pasta dishes are popular as are hot and cold subs, wings, and desserts. The pizzeria for sale has a 2COP liquor license, so your guests can order beer and wine while dining.To obtain more information on this pizzeria for sale opportunity please click on the link below or call your Certified Restaurant Broker, Ken Eisenband, at 561-350-3365.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $580,239
Cash Flow:   $141,698
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  2002
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  Owner will train for two weeks at no additional cost
Reason For Selling:  Relocation

Photos

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Pizzeria For Sale Photo 1




Print Listing Id: 700280729
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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 > Florida Businesses For Sale > Florida Franchises For Sale > Florida Business Brokers



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