Dec 26, 2019 — This is a long established pizzeria location, residence and business are very familiar with the location and quality food. It was recently acquired and the owner converted it into a pizza franchise, spending over $100,000 in remodel and redesign. The owner, due to a family issue, has already moved out of state and needs to sell the location. It's currently being run as owner absentee, ideal buyer is someone who has at least 10 hours a week to oversee the current staff, continue to market and grow the new location and oversee operation concerns staff may not be able to address. We have all the previous sellers financials but because this location is so new, the increased revenue is trending upwards but we don't have very much history under the new franchise model. From what we have, its trending up and the neighborhood is responding positively. For more information including a detailed confidential opportunity summary with financial information and photos, please email the listing agent.
This is a leased location of 1,213 square feet with a Total Rent of $1,789.40. Lease ends 6/2021 with one 5 year lease option. Seller is active in the business with 7 PT employees. Hours of operation are 10:00 AM - 10:00 PM Monday -Sunday. $300 in inventory and $50,000 in FF&E included in Asking Price. $100,000 made in Leasehold Improvements.
Learn More About This Listing
Sign up for a free basic membership to start buying and selling. Learn about our membership plans.