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Established Profitable Pizzeria Owner Looking To Retire For Sale

Wake County, North Carolina, US
Asking Price:
$225,000 (USD) Inventory / Stock included
Sales Revenue:
$600,000 (USD)
Cash Flow:
$90,000 (USD)

Business Description:
This pizzeria was purchased from previous owners almost 10 years ago and these owners have established this business as one of the most popular pizzerias in Raleigh. They have increased revenue year after year. From 2019 to 2020, revenue increased by 100k and it is on pace for another 100k increase this year. All this has been accomplished without reliance on delivery apps, no online ordering, and no POS system to better map out deliveries. There is still plenty room to grow this business. One of the 2 owners is looking to retire and will consider financing a portion of the sale for the right buyer.

Historical Summary:
This location has been historically a very successful for a pizzeria. There has been an Italian restaurant in the same place for almost 30 years.

Owner Qualifications:
The buyer will need to have general business experience including employee management, customer relations and general accounting. Restaurant experience a plus.

Property Information

Real Estate:

Lease

Location:

The facility is located in busy shopping center with large box stores as anchors.

Premises Details:

The facility has 1,796 square feet.

Size in square feet:
1,796

Business Operation

Expansion Potential:

The restaurant currently does not use online ordering. It is felt the online ordering would increase sales for the customers that prefer it and would increase efficiency lowering costs. Currently the restaurant only uses their own drivers, using delivery apps would increase their appeal to a broader customer base.

Competition / Market:

There are the usual chain pizza places in their market, but no authentic Italian restaurants.

Reasons for selling:

Owner is retiring

Trading hours:

Mon-Sun 11-10

Employees:
3 Full time and 4 contractors
Years established:
2010

Other Information

Support & training:

The owner will work with a buyer for 30 days to insure a successful transition.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$27,000 (USD)
Inventory / Stock value:
$3,000 (USD) - included in the asking price

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