Pizzeria & Grill South Shore For Sale

Business description

Well established Pizzeria & Grill with strong cash flow and room for growth located in Northern Bristol County. This store has a rent rate way below market and is easily operated. The shop is currently grossing $6,500 per week with a net profit of $130,000 per year. The owners are older and ready to retire. This is aggressively priced and will move quickly. The Real Estate is also available for sale.
CASH FLOW: Approximately $130,000
ASKING PRICE: $223,000 for the Business (The Real Estate is available also)

Property information

Location:

Great location at the center of town.

Premises details:

The space is approximately 2,000 square feet with a 24 person seating capacity. There is also a full basement the space has a very functional layout and design.

PARKING: Street parking no meters.
EQUIPMENT: The equipment is in good condition and has been well maintained and is of good quality.
LEASE TERM: Six (6) years remaining on the current lease, options are available.
BASE RENT: $1,500 per month (that includes everything but utilities)
CONCEPT: Pizzeria & Grill
SEATING: 24 patrons inside.
HOURS: 9:00 AM – 9:00 PM (Can stay open until 11:00 PM)
LICENSES: Common Victullars.
SALES: Approximately $343,000

Size in square feet:

2,000 s/f

Other information

Expansion potential:

Plenty of growth potential with new energy

Competition / Market:

Very little competition on the area

Support & training:

Training will be provided

Reasons for selling:

Retirement

Trading hours:

9:00 AM - 9:00 PM

Financing available:

Financing is Available

Furniture / Fixtures value:

$70,000 (included in the asking price)

Inventory / Stock value:

$5,000