Pizza restaurant for sale with a bar and patio.
A new, fully renovated Italian restaurant with a full bar and a patio in a prime location is available for acquisition. This restaurant is located in a 2,400-square-foot space in a mixed-use development surrounded by luxury apartments within walking distance from the establishment.
The customer base is predominantly upper-middle-class individuals and families, peppered with other minorities with similar social standings. This restaurant was established in 2021, with the current owner investing almost $400,000 for a full build-out, new equipment, and furniture, including a full bar.
Since its inception, the sales have been consistent at $20,000 per week and continue to grow consistently. This restaurant's flagship dish is pizzas made with fresh dough and pasta; it also serves appetizers, desserts, salads, wings, and sandwiches.
The establishment's potential for growth is one of the best in the market, as the establishment continues to acquire new customers as word spreads and the surrounding area continues to develop. The restaurant's full bar is underutilized, as alcohol sales make up only 10% of total sales.
Proactive advertising to capitalize on the surrounding residential hubs could quickly and directly impact sales. The current owner has used Valpak as a form of marketing, but much more can be done to reach the full potential of this restaurant, such as happy hour, specials for the residents surrounding the restaurant, etc.
Event catering to churches or offices is an area that can be promoted to boost revenue.
