Long Beach Area Pizza Chain– Dominant 2 Locations For Sale

Property Information

Real Estate:

Lease

Leasehold Rent:

$156,039 per annum

Premises Details:

The 1,800 square foot locations lease for $7.3k and $7.7k per month, on leases with 7 and 8 years remaining and a 10 year renewal option. All of the business’s furniture, fixtures, equipment, goodwill and Type 41 Beer and Wine licenses will be included in the sale. An additional $5k per location in inventory will be sold at cost at close in addition to purchase price.

Size in square feet:

2 - 1.8k sq ft + patios

Business Operation

Expansion Potential:

New management will want to capitalize on the professional infrastructure this brand put in place to facilitate a multi-location regional chain. While this concept has certainly been embraced, new management may supplement the current menu with their own complementary cuisine or specialty offerings, establish new locations, and perhaps benefit from the separate available commissary operation as needed.

Competition / Market:

When launched this pizza brand quickly gained notoriety in the Long Beach communities it served. A strong loyal following ensued and has remained consistent, allowing the company to enjoy a stable and relatively predicable revenue base. While pizza is a perennially competitive food category, the market has clearly spoken and determined this this brand espouses a superior culinary offering in what are known to be highly inviting dining environments.

Reasons for selling:

Personal

Employees:

2 part time

Years established:

2021

Other Information

Support & training:

Seller will train for 2 weeks at 20 hours per week or as negotiated.

Financing available:

Seller will consider a small secured carry to facilittate an SBA loan (e.g. maximum 5-10% of if required)

Furniture / Fixtures value:

$60,000

Inventory / Stock value:

$10,000