Passive Ownership at Pizza Restaurant
Connecticut
Asking Price: |
Gross: |
Cash Flow: |
$405,000 |
$983,927 |
$146,810 |
Furniture and Fixtures Value:
$146,679 (included in the asking price)
Inventory Value:
$11,267 (included in the asking price)
Business Summary:
The owner is passive with 3 managers on staff at this pizza restaurant! With nearly $1M in revenue and 90% of sales being takeout and self-performed delivery, this homemade pizza joint includes over $150,000 in assets upon its purchase! Located in Northeastern Connecticut, this restaurant serves pizza 50% through takeout and drive-through, 40% through delivery, and the other 10% through dine-in and catering. It is the only pizza joint in its market that offers a drive-through option. The company was established as a small take-out pizza shop in 1986 by the current owner’s father; the owner opened this location in 2009. Because of the long history in the community, this restaurant has a strong brand presence, being a long-term staple in the area. There are 20 qualified and reliable personnel in place with 3 being full-time and 17 being part-time. The full-time manager, assistant manager, and shift supervisor take care of the daily activities, allowing the owner to only handle general oversight. Due to COVID-19, the pizza joint had to close for two weeks. But even so, the sales are up from last year given that dine-in was only 10% of sales before COVID-19. With an expansion in catering and alcohol sales, this restaurant would see continued growth. Priced at $405,000, a 15% down payment of $60,750 returns $95,450 in the first year after debt payments, which is a 157% return on investment.
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Year
Business was Established: 1986 |
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Number of Employees:
3FT/17PT |
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Facilities / Terms of Lease:
2700 sq. ft.: 54 seats inside, outdoor patio, and drive-through |
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Potential
Growth/Expansion:
An expansion on catering and alcohol sales |
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Owner
willing to finance:
15% Seller Financing: $60,750 |
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Owner
willing to train:
6 months |
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Reason for selling:
Consolidating several businesses owned |
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REQUEST MORE INFO |
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