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Pizza Restaurant With Beer And Wine
Location: United States -> Connecticut -> Danbury
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This Pizza restaurant has been here for over 50 years. The current Owner over 12 years. He has another restaurant in another town, a food truck, and a painting business. He finally realizes he is overextended and needs to cut back – hence the sale of this small Pizza restaurant.

It is located in a shopping center with 43 stores surrounded by 4 other shopping centers with +/- 87 stores. Busy location – yes! The traffic count is over thirty thousand cars per day passing in front of these shopping centers.

This is a quaint traditional pizza restaurant with 2 Blodgett ovens. In 2019 at the International Pizza Expo in Las Vegas, the owner was ranked as the premier figure in pizza making, (#2 in the northeast and #13 worldwide).

The restaurant is 1,100 s.f. It has 38 seats with16 tables. Serves wine & beer and has a raised area in the front of the dining room used for comics, karaoke, and 3 person bands etc.

Sales for 2017 thru 2020 have averaged $636,933 per year ($12,249 per week). At this volume, the Owner's Cash flow would be estimated at +/- $113,000.

New Owner sales (after the co-vid pandemic is under control) are being projected at $884,000 ($17,000 per week). At this volume, with the increases in costs, the Owner's Cash Flow is estimated at +/- $135,000.

After an offer has been accepted, the Buyer will have up to 3 weeks to check the restaurant's sales and operations in the restaurant which would include computer POS checking too.

The menu is interesting. It has small plates of Caprese, bruschetta, fried mozzarella, wings, fried calamari, pasta Fagioli soup, stracciatella soup, and garlic bread.

Salads, all kinds of Pasta, and, of course, pizza, calzones, and gourmet pizzas. They even have seafood dishes, wedges, and a kid's menu.

Hours: Monday – closed, Tues, Wed, Thur, & Sun 11 – 10, Frid & Sat 11 – 11.

Rent is $2,258,67 per month plus nets of $2.52 psf totaling $2,489.67 per month ($29,876.04 per year). The landlord


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $884,000
Cash Flow:   $135,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2012
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Owner will assist in the transition
Reason For Selling:  Other Interests




Print Listing Id: 700371664
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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 > Connecticut Businesses For Sale > Connecticut Franchises For Sale > Connecticut Business Brokers



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