Property ID : SPL25.481
For Sale, Real Estate $550,000.00 - Pizza Shop, Restaurant
DESCRIPTION:
- A very popular, long-standing Pizzeria, located in a Steuben County off a major interstate
- Operating since 1991 as a family-owned business
- Owner looking to retire
- Voted best Pizza in town 6 years in a row
- Huge takeout and delivery business
- Counter service only
- Best location in town located directly across from High School
- Property includes 2 lots. The additional lot can easily be built on
- Projected to do $2 million in sales this year
- Operating hours are Sunday from noon – 10 pm; Monday-Tuesday from 11 am – 10 pm; Closed on Thursday, Friday – Saturday from 11 am – 11 pm
- Plenty of parking available
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
- Furniture, Fixtures & Equipment at a fair market value of $65,000
REPORTED SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
| 2022 | 2021 | 2020 | |
| SALES | $ 1,537,854 | $1,668,327 | $1,522,898 |
| SDE with manager pay | $197,262 | $293,150 | $298,305 |
PRICE/FINANCING:
- The asking price for the business is $200,000.
- The asking price for the property is $350,000.
COMMENTS:
An ideal owner/operator business with a large cash flow. There is more cash here to be discussed
The most popular Restaurant in town is ready to change hands. Owner is looking to retire. Plenty of other opportunities to increase even more revenue this includes opening 7 days a week and late-night deliveries. Don’t miss out on this once in a life time opportunity
