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Listed by:

PMJ Productions

Pizza By Pappas/price Reduced $100,000/scranton Pa Since 1971 For Sale

Scranton, Pennsylvania, US
Asking Price:
$890,000 Furniture / Fixtures included
Sales Revenue:
$1,200,000
Cash Flow:
$250K - $500K

“Pizza by Pappas” was founded in 1971 by the father of the current owners, brothers Bill and Tom Sheakoski. The landmark Scranton restaurant and pizzeria has operated from the same location for over 5 decades. The business celebrated its 50th Anniversary in July of 2021.

2021 sales volume were at pre-Covid levels even as the business had been operating at a reduced schedule of 5 days/week.

Pappas serves lunch and dinner and offers free downtown delivery with quick turnaround.
Pappas specializes in their distinctive personal pan Pizzas, in addition to hoagies, grinders, cheesesteaks, sandwiches, soups, buffalo wings, fries, and more.
Their systematic and quick turnaround preparation and service models make Pappas a perfect stop for a quick and fresh lunch in downtown Scranton.
Pappas has always been a popular destination for a variety of local professional offices, including City, County, State, and Federal governmental offices, in addition to banks, hospitals, doctors, and other medical, legal, and financial offices. Over the years, downtown businesses have come to expect delicious food delivered by Pappas in a timely fashion.

Property Information

Real Estate:

Lease

Lease Terms:

A copy of the lease is available.

Location:

The business is located at 303 North Washington Ave. Scranton, PA 18503.

Premises Details:

Pappas was the original ground level tenant of a multilevel parking garage in the heart of the downtown.
The restaurant and kitchen occupy 2,425 sq. ft. They also lease an additional 1,159 sq. ft. of office and storage space around the corner in the same building complex.
A copy of the lease is available.
The dining room accommodates seating for 88 patrons.

Size in square feet:
2,425

Business Operation

Competition / Market:

Pappas has operated out of the same popular location since 1971.

Reasons for selling:

Retirement

Trading hours:

Tuesday through Saturday 11AM-8PM.

Employees:
20
Years established:
1971

Other Information

Support & training:

The Seller will be available for 30 days to assist in the transition of ownership as part of the purchase price and is willing to train a replacement manager.

Financing available:

None

Inventory / Stock value:
$20,000

Contact PMJ Productions

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