Pizza Place For Sale In Chicago NW Suburbs For Sale

Business description

Seller Financing Available!! Seller will finance up to 35% of the Purchase Price.

This carryout and delivery pizza restaurant is located near the Crystal Lake, Barrington Hills, Cary & Fox River Grove areas of Northern/Northwestern Illinois.

One unique benefit to this location is that the local high school is less than one mile away with over 1900 students and faculty members. They sell pizza by the slice, so many of the students and faculty have made this pizza restaurant their regular stop for lunch and after school for a quick bite to eat.

This pizza restaurant offers delivery for both lunch and dinner. The menu has many food items in addition to pizza. Some of the other menu items include; 20 different sandwiches, 6 different salads, calzones, pasta dishes, panzarottis, ribs, chicken, shrimp, wings and about 12 other appetizers such as mozzarella sticks and cheesy garlic bread. They also have catering packages, family style food and a kids menu.

Even though this business generates over $350,000 in gross sales, there is still room for improvements by a new owner/operator. The current owner only works part-time and admits that he doesn’t focus at all on growing the business. Nobody is actively pursuing outside catering accounts. It’s also very difficult to make sure nothing is going out the back door and to make sure everything is being rung up when the owner is only working part-time. Another issue with a part-time owner/operator is that the payroll costs run higher than they would with a fulltime owner/operator. You also have to assume that customer service and food quality would be better with a full-time owner/operator.

Property information

Real Estate:

Lease

Lease terms:

Base Rent; R.E. Taxes; & C.A.M. is $2,300/Month, Lease Expires 5/31/2015(including options), Store Size is approx 2,000 Sq. Ft., Plenty of parking.

Leasehold rent:

$2,300 per annum

Location:

Excellent location for growth.

Premises details:

Base Rent; R.E. Taxes; & C.A.M. is $2,300/Month, Lease Expires 5/31/2015(including options), Store Size is approx 2,000 Sq. Ft., Plenty of parking.

Other information

Expansion potential:

Excellent location for growth.

Competition / Market:

minimal

Support & training:

Yes, the seller is happy to provide as much training as needed and as agreed during the purchase process.

Reasons for selling:

To manage his other businesses and care for his 6 children.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller Financing Available!! Seller will finance up to 35% of the Purchase Price.

Furniture / Fixtures value:

$90,000

Inventory / Stock value:

$4,000