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Listed by:

The Agency NW Real Estate

Real Estate With Highly Profitable Pizza Business For Sale

Redmond, Washington, US
Asking Price:
$7,300,000 Furniture / Fixtures included
Sales Revenue:
$1M - $5M
Cash Flow:
$354,409

For you investors out there, there are lots of ways that make this one of the best investments on the market. The land, the building, the business, and the location are all included in this purchase price. And there are NO concessions on any of them; they are all 5 stars plus.

This location is downtown on the coveted Eastside. As far as locations go, it really doesn’t get much better than this. You would own the building and land in a prime location, which is most always is a solid investment. This lot size is 10,800 SQ FT. Zoning is CBD 6.

Now about this business, it’s a self-standing building with 2,100 SQ FT, and seating for 70. This has its own parking lot with 20-plus parking spaces. Fully equipped kitchen with a type 1 hood, walk-in refrigerator, and a walk-in freezer. More than 50 years established, so yes, almost everyone in the town and the surrounding towns knows this restaurant. Has great name recognition.

The annual sales here exceed $1,500,000, and that’s with almost 3 months out of the year being closed. With a new owner being open for a full 12 months a year, sales could be $2,000,000 or more. The owner has been here for 48 years, but this is a family business in which his family has owned this restaurant for many years previously. So, you can just imagine the size of this customer base.

This is pizza, so the concept, learning curve, and transitioning time are all easily learned by the new ownership team. This food concept lends itself very well to absentee or semi absentee ownership. This is not a franchise, so you can put in your own creative touches on the menu and décor.

You do not need to be a gourmet chef to take over here and make big sales/profits from day one. None of this advertisement is puffed up. All these comments are real and tangible, that’s why this is one of the best investments on the market right now.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

N/A

Location:

This location is downtown on the coveted Eastside. As far as locations go, it really doesn’t get much better than this. You would own the building and land in a prime location, which is most always is a solid investment. This lot size is 10,800 SQ FT. Zoning is CBD 6. High traffic street

Premises Details:

This lot size is 10,800 SQ FT. A self-standing building with 2,100 SQ FT, and seating for 70. Has its own parking lot with 20-plus parking spaces. Lots of free street parking are available too. Type 1 hood and walk-in refrigeration. Great signage and visibility from the street. On the main street in town, this is a high-traffic street.

Size in square feet:
This lot size is 10,800 SQ FT. A self-standing building with 2,100 SQ FT,
Planning Consent:

N/A

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

This pizza restaurant has been here well over 50 years, so pretty much everyone in town and the surrounding towns knows this pizza place and the location. A long customer base has been built up for the new owner. Current owner closes this business for about 3 months out of the year, so if you do the math, if a new owner were to keep this business open for a full 12 months every year, the sales here could be $2,000,000. And this is without any marketing or advertising.

Competition / Market:

This pizza restaurant has been here well over 50 years, so pretty much everyone in town and the surrounding towns knows this pizza place and the location. A long customer base has been built up for the new owner. Current owner closes this business for about 3 months out of the year, so if you do the math, if a new owner were to keep this business open for a full 12 months every year, the sales here could be $2,000,000. And this is without any marketing or advertising.

Reasons for selling:

Seller wants to retire

Trading hours:

Closed on Sundays
Mon to Wed 11 AM to 8 PM
Thur, Friday & Saturday 11 AM to 9 PM

Employees:
4 FT 1 PT
Years established:
1973

Other Information

Support & training:

The seller is willing to train a buyer in all aspects of this business. Three weeks of training is offered.

Financing available:

N/A

Furniture / Fixtures value:
$18,000 - included in the asking price
Inventory / Stock value:
$10,000