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Gourmet Pizzeria Absentee Owner In Baltimore City For Sale

Baltimore City, Maryland, US
Asking Price:
$165,000 (USD)
Sales Revenue:
$350,000 (USD)
Cash Flow:
$50,000 (USD)

Gourmet Pizzeria - Absentee Owner. Steal of a Deal! This business has become the go-to spot for the best pizza in town. They have been highly rated on Yelp and Zagat's. Established for over 12 years, they have built a reputation based on quality and freshness. The space is fully equipped and well maintained. They are 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. Please note that the theater has re-opened for 2021, the schools and universities are also back in full session. 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. Pandemic 2020 gross sales were approx. $350,000.00 (higher than 2019) 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 $165K in liquid funds to cover the asking price and inventory. 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:

165,000.00 Down & Possible for a well qualified buyer with good credit and a PG

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

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