Price: $195,000
Location: New Haven , Connecticut
Industry: Pizza
Listing ID: PZZA829
Super opportunity to own this highly successful pizzeria business with a gross income of $852,000, in a wonderful area of Connecticut, North Branford, New Haven County. The owner is now retiring from this industry and the family are relocating out of state and will train and finance this profitable restaurant retail food operation. This restaurant has a seating capacity for sixty (60) customers with a great deal of room to expand. The majority of the income, approximately 70%, represents customer pickup and delivery. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. The 2023 yearly gross income as represented by the owner is estimated at $852,940 and the business has a yearly net income of approximately $175,000 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2024 income is expected to be greater than the previous year and formal due diligence is recommended by the broker.
Listing Details
Revenue: $852,940
Cash Flow: $150,000
FFE: $125,000 (Included in Price)
Inventory: $1,200 (Included in Price)
Reason For Sale:
The purpose of this business transaction is due to the owner retirement after many years of success in this particular industry.
Training & Support:
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
Operation
Year Established: 2000
Days & Hours of Operation: Days Hours of operation; this business is active seven days per week, with hours from 9:00 am to 8:00 pm.
Owner Hours Per Week: Full Time
Employees: Regarding employees and payroll, this retail company consists of four full-time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and weekly base salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $4,800.
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Monthly Rent: 1,800
Type of Location: Commercial active highway
Square Footage: 2,500
Relocatable?: Yes
Facilities Information:
This business opportunity is in north central Connecticut, New Haven County on a highly active county road. This business facility consists of approximately 2,500 square feet with a modern, attractive, and professional appearance. The business is in a modern commercial mall and the facility is conveniently located for its various customers.
Summary
Historical Summary:
This is a long-standing full-service pizzeria restaurant.
Owner Qualifications:
For Qualifications purposes; this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses.
Competition:
Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Potential Growth:
Regarding growth and expansion, the retail company can be further developed by improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing/Terms:
Also, SBA bank and seller financing is available for this transaction is available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
