Pizzeria For Sale

www.GlobalBX.com

Listing ID: 700280729

Listing Title: Pizzeria For Sale

Quick Link: http://www.globalbx.com/listing.asp?bId=280729

Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: Florida

Area

City: Royal Palm Beach

Asking Price Range: < $250K

Gross Revenues: $580,239

Cash Flow: $141,698

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2002

Number of Employees: 10 - 19

Business Description:
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.



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