Highly Profitable, Long-Established Pizza Parlor in the Triad

Business
  • Listing# : 16899
  • Listed Price : $420,000
  • Total Sales : $638,350
  • SIC : 5812
  • Down Payment : $63,000
  • Status : Active
  • Discretionary Earnings : $162,612

Business Type :

Restaurants / Pizza Shop

Business Description :

Rare opportunity to purchase a unique, well-established, highly profitable pizzeria that has been a staple in its community for more than 50 years.  Capitalizing on a reputation for customer service and quality, made from scratch pizzas, the restaurant draws customers from all over the Piedmont Triad and southern Virginia.  Restaurant revenue declined only 17% during the height of the pandemic in 2020 while the Seller focused on revamping the business model and improving Discretionary Earnings from 22% of revenue in 2019 to 27% in 2021 (vs. industry average of 19%).  New owner can take advantage of substantial growth opportunities by establishing delivery service, online and social media marketing and re-opening indoor dining.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $14,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $60,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $4,500
    • Incl : Yes
    • Total Assets $78,500
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Restaurants