Italian Restaurant & Pizzeria – Wealthy Town
Location: United States -> Connecticut -> Fairfield
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Businesses for sale Summary
This Italian Restaurant & Pizzeria for sale is in pristine condition and has the sales and profits of places that have been open for much longer. The menu includes specialty pizza, pasta and entrees, soup, salads and panini, as well as beer and wine. They offer full service in the restaurant, as well as counter service and delivery. The sales are 50/50 lunch and dinner and delivery is 35% of the total. A new owner will come right in and make money.
Facilities: The facilities include 1,200 sq. ft. of retail space, and storage above the shop. It has a full kitchen and Baker’s Pride oven. All of the equipment, and the tables and chairs were bought new in 2006 and are in excellent condition. The Hobart mixer was purchased used. The front includes very nicely laid out display cases, 8 tables and 32 seats. There is good signage in front and a parking space in back. Included are 2 computers with a POS system to track sales and orders, and a web based security system to see the shop remotely.
Competition: This restaurant is nicely positioned to serve both residents and the town’s employees. They also serve out of town visitors during summer months.
Growth and Expansion: Since the seller hasn’t done a lot of marketing, this would increase sales. Mailing and emailing specials and coupons to customers has not been done so this is would increase awareness and grow sales.
Support/Training: The seller will stay on to ensure a smooth and successful transition
Reason Selling: The seller’s commute to the shop is too long.
Financials
Asking Price Range: $250K – $500K
Gross Revenues: $575,000
Cash Flow: $100,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $3,500
Seller Financing: Not Disclosed
About The Business
Year Established: 2006
Number of Employees: 6 – 9
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Leased
Property: Property For Not Applicable
About The Sale
Management Training and Support: Yes.
Reason For Selling: Seller’s commute to the shop is too long.
