Lot Of Dough With Pizza And Pasta Restaurant For Sale

Business description

Right Owner Can Make A Lot Of Dough With Pizza And Pasta Restaurant
*** This family pizza and pasta is an established family friendly restaurant in metro Atlanta. Population is currently just over 200,000 with over 45,000 in the 3 mile radius surrounding the restaurant. The restaurant opened in early 2003 and quickly became a popular location for local residents looking for quality pizza, fresh made pastas, salads, beer and wine. The current owners purchased the business in April, 2005. The restaurant had hit a low point in sales and reputation, but still had a loyal following that they felt they could build upon. They knew that they could offer better quality and higher service levels than the previous owner. They concentrated on revamping the menu using recipes from our previous years of experience in the restaurant business. In addition, they worked diligently to provide higher levels of service to their guests. They were able to increase sales from just under $30,000.00 per month to more than $50,000.00 per month in the first year of ownership. As further evidence of their efforts their restaurant received an award in 2006. Anchored by a high volume grocery store, the center has provided steady increases in business and a very high level of satisfaction for their guests. The new space is just over 4,900 square feet, and has a separate bar and private dining space which they use for special events. These popular events bring significant additional revenue to the business. A savvy entrepreneur could grow the business substantially by focusing on catering, To-Go orders and possibly adding delivery service.

Property information

Real Estate:

Lease

Lease terms:

4,960 sq. ft. at $8,267/mo.; 5 yr. lease with 5 yr. option; Owner can give back 1,600 sq. ft. during December 2008 and have rent reduced pro rata.

Location:

In a very desirable shopping center anchored by a high volume grocery store.

Other information

Expansion potential:

More marketing. Visiting schools, churches, sports leagues, etc.

Competition / Market:

This restaurant has the highest quality products in the area.

Support & training:

Seller will give 3 weeks transitional assistance.

Reasons for selling:

Family health reasons.

Trading hours:

Sun - Thur 11 - 10; Fri 11 - 11; Sat 12 - 11

Financing available:

$110,00 down with $75,000 @ 5.75 % over 10 years with 3 year balloon.

Furniture / Fixtures value:

$100,000 (included in the asking price)

Inventory / Stock value:

$2,500 (included in the asking price)