Italian Restaurant & Pizzeria In Hillsborugh County For Sale

Business description

Pizzeria for sale in the Tampa Bay area. Tampa's #1 pizzeria and one of the area's Top 10 restaurants in 2010 (according to urbanspoon.com) is for sale. Located in the Tampa zip code with the highest per household education and income, this award winning pizzeria seems to be recession resistant and has exceeded previous years' performance each year for 5 years. It is on track to do so again in 2011.

Property information

Location:

Business is located in an upscale strip center with almost no vacancy. Bank of America, Regions Bank, SweetBay Grocery, Starbucks, Subway, and T-Mobile among other known names are located in the center. The center is situated in zip code 33626 which has the highest household income and highest level of college grads per household of any zip code in the Tampa area. Eat here on any night and count the number of BMW, Mercedes and Lexus autos in the parking lot.

Size in square feet:

2,600

Business Operation

Expansion potential:

Current owner has carefully built relationships with all 6 elementary and middle schools in the area. In addition he has leveraged the Internet, smart phone and social media technology to provide online ordering from your PC , I Pad or phone. He has been smart enough to stay away from sites like Groupon.com and Restaurants.com which are great for the consumer but money losers for the provider relying instead on solid partnership programs to build traffic. Each year the restaurant has exceeded the previous year's sales and profitability. This year, 2011, is on track to beat the previous year by close to $100K in gross sales.

Competition / Market:

There are two other Italian restaurants/pizzerias within a 2 mile radius. One of them is open the same hours but does take out and delivery business primarily. The other is in a smaller, less frequented strip center and is more known as a "dinner only" spot; does good take out business but does not deliver.

Reasons for selling:

Other business investments

Trading hours:

Mon-Sun 11am-9pm

Employees:

7FT/18PT

Years established:

2004

Other information

Support & training:

Will train for 1 week @ no cost

Furniture / Fixtures value:

$125,000 (included in the asking price)

Inventory / Stock value:

$4,000 (included in the asking price)