Point Loma Area Pizzeria In High Traffic Center
Location California,United States
Asking Price Range < $250K
Gross Revenues $306731
Net Profit / Cash Flow $40164
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2004
Number of Employees 6 - 9
Inventory 26000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training 1 week at 20 hours.
Reason for Sale Other business ventures.
Description This Point Loma area pizzeria for sale is ideally located in an active commercial and residential district, near one of the city's busiest intersections. The restaurant draws a strong lunch crowd, however it has not yet capitalized on its location, which is ideal for delivery as it is the lone pizzeria at the gateway to an exclusive community. The owner spends minimal time at the business, and has it entirely operated by his management and staff. Currently operated as a franchise, a new owner may continue to operate as such, or convert to an independent restaurant, resulting in savings of thousands of dollars on franchise royalties and associated food costs.
Asking Price $79,000.
The restaurant is located in a 1,400 square foot facility that leases for $4,400 per month (including CAM). The lease is valid through 2014, with the potential for additional options. The assets to transfer include all of the kitchen and restaurant equipment, and the restaurant has a walk-in cooler and a full hood system.
Other pizza restaurants exist in the area however this facility is ideally located to capture a strong residential market that lacks other quality, quick service pizzerias. As this business is entirely absentee operated, it has a great deal of growth potential. A new owner could increase afternoon revenues by expanding delivery to include lunch hours, as well as and promote the sales of individual slices. As the restaurant is currently operated as a franchise, a new owner can convert the restaurant to an independent that would allow the owner to operate with fewer restrictions and save on royalties, expand the menu (offer sandwiches, subs, soups and salads), and purchase products from vendors offering the most favorable pricing.
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