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Gourmet Pizzeria Absentee Owner In Baltimore City For Sale

Baltimore City, Maryland, US
Asking Price:
$175,000 (USD)
Sales Revenue:
$350,000 (USD)
Cash Flow:
$50,000 (USD)

Gourmet Pizzeria - Absentee Owner. This business has become the go-to location for the best pizza in town. Due to Covid they only offer take-out and delivery at this time. They have been rated 4 stars on Yelp and Zagat's. The location has been established for over 12 years. They have built a reputation based on quality and freshness. The location is fully equipped and well maintained. They are located in a densely populated area at the foot of a 54 unit luxury apartment complex. The location is near several major landmarks, theaters, schools and universities. The space is 2,200 sf. with a license for an additional 12 outdoor seats. The rent is only $2,175/mth. with 7 years left on the current lease. This year's gross sales were approx. $350,000.00 (higher than last year) with an owner's cash flow of approx. $50,000. That $50K is based on full-absentee ownership, after paying all overhead including a full-time manager and staff. A new owner can continue this way or come in as a hands-on owner and reduce payroll immediately. The location is currently BYOB, but a full liquor license can be obtained. They are currently open only 6 days, closed on Monday. All logos and artwork are trademarked and included in the sale price. We are seeking a serious and financially qualified buyer with at least $110K in liquid funds to cover the asking price and inventory. To learn more, please call, text or email Mel Vaz today. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

If interested, please contact the seller through the form on this page.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33805 for instant access to this business information.

Business Operation

Reasons for selling:

Other business opportunities.

Employees:
2FT/1PT
Years established:
2007

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

110,000.00 Down & $65K over 3yrs. @ 6%

Furniture / Fixtures value:
$100,000 (USD)
Inventory / Stock value:
$20,000 (USD)

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