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Listed by:

Sunbelt of Durham

Pizzeria And Italian Restaurant With Real Estate Included For Sale

Lee County, North Carolina, US
Asking Price:
$680,000
Sales Revenue:
$1,241,935
Cash Flow:
$120,000

Iconic Pizzeria in the market is available for a 50% acquisition. One partner is interested in retiring even when the restaurant is doing exceptionally well.post COVID. This location is the go to Italian restaurant and has been been in the area for 19 years. and bought the building 10 years ago. Area is experiencing growth with the mall next door getting converted to a 150 room apartment. Staff is solid and all W2 with several managers.

Building was appraised in 2017 for $1,2M with business valued at $180k. For more information please contact Shanon Madrid

Property Information

Real Estate:

Real Property Included

Premises Details:

N/A

Size in square feet:
5,000 sq ft

Business Operation

Expansion Potential:

Area continues to grow and business has solid reviews at 4.2

Competition / Market:

3 traditional Pizza parlors but no combination Pizza and Full Italian.

Reasons for selling:

Dissolution of Partnership

Trading hours:

Days: Monday- Thursday, Hours: 11:00-10:00

Employees:
Full Time: 24
Years established:
20

Other Information

Support & training:

Second manager will remain in place.

Financing available:

This is a 50% sale of the pizzeria and the real estate. SDE presented is 50% for exiting partner.

Relocatable:
This business can be relocated.

Listed by

Sunbelt of Durham

Contact Sunbelt of Durham

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