Property Details

DESCRIPTION:

• Very popular Local Pizzeria Franchise, located on the West Ridge Road
• Was established in 2017.
• Serves authentic style pizza, wings, subs, salads and more.
• Sales have averaged $6,000/$7,000 per week.
• Busy lunch, dinner, and take out business that has remained extraordinarily strong during the pandemic.
• Franchise Royalties are 4% of monthly sales.
• Hours of operation are Monday – Tuesday from 2pm to 9 pm.
• Wed-Thursday 11 am to 9 pm, Friday -Saturday 11 am to 10 pm.
• Sunday from 11 am to 8 pm.

ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)

• Furniture, Fixtures and Equipment at a Fair Market Installed Value of $ 30,000 

LEASE ARRANGEMENTS:

The Buyer of this Pizzeria can obtain a lease from the landlord at a Gross Rent of  $ 1,650 per month, for 5 years with options to renew.

REPORTED SALES                                                  

                   2022               2023                                                           

Sales:     $ 283,885            $236,220

PRICE/FINANCING:

          The Asking Price is $ 45,000. Seller Financing is Negotiable

 COMMENTS:

This is a great opportunity for an Owner-Operator to obtain a Pizzeria in a very nice location, with loyal clientele, and great reputation for delicious food.  Additional revenue to be discussed