Active
50k down 145K Net Semi Absentee Pizza Business
145K Net !! Pizza and Italian restaurant in an excellent location in the Baldwin Park area. Gross sales over 750K in 2021 and growing. Owner is at the business semi-absentee 10 to 20 hours a week to oversea operation. Owner is not part of labor as he does not cook etc. Business is very profitable from first day purchased by current seller 4 years ago. This business has become a regular in the neighborhood with excellent reviews.
Listed By: Senthil Kumar
Listed By: Senthil Kumar
Background information
Reference:
ertretret
Year established:
2015
Reason selling:
Owner retiring from full service restaurant business after 30 years.
Finance
Sales:
$748,654
EBITDA:
$145,000
Operations
Employees:
11
Equipment:
Included in asking price $85,000
Inventory:
Included in asking price
Premises
Facility:
Excellent end cap space in an area adjacent to high end Baldwin Park. The business serves authentic Pizza and Italian dishes. Great lease with 2 five year options.
Rent and lease terms:
$4,900 per Month
Location:
Orlando, FL
Opportunities
Growth:
Sales are increasing organically due to excellent food, great location and great staff. Business should do over 1 million in sales in the near future.
Price and terms
Price:
$299,000
Financing:
Owner may finance with 50k down. Down payment depends on collateral
Training:
Owner will train for 2 weeks on site and up to 6 months via phone and text to answer questions.