Asking Price: $299,000
Cash Flow: $153,369
Location: Albany County
The business is a Pizzeria and Italian-American specialties Restaurant. Customers can pick up, dine-in, or have food delivered. The Restaurant offers a convenient and affordable selection of Italian-American cuisine. In addition to a wide variety of pizza offerings, menu choices include an array of appetizers, hot and cold subs and sandwiches, calzones, salads, entrées, grilled items and more. The customer is always assured of receiving the freshest of ingredients because the Pizzeria prepares food and cooks to order. All entrees are made from scratch, including their own marinara and meat sauce. Most of the appetizers are hand breaded, the meatballs are homemade and the roast beef and turkey, among other items, are cooked on the premises.
Year Established: 2008
Facilities: Located approximately 20 minutes south of Albany, the business leases approximately 1,800 sq. ft. of space on the end of a very visible shopping plaza. Rent is currently $1,850 per month, including CAM charges.
Competition: There is only one other pizza place in town. They are a very small operation with no real dine-in business. This operation has a much larger dining area, a better location, curbside appeal, longevity, a more extensive menu and delivery capabilities. There is also another food service business in town that is primarily a diner, serving diner food and breakfast.
Growth & Expansion: For anyone who loves the food business and is looking for a steady, sustainable customer base and cash flow, this is the ideal situation. The current owner has built this business from the ground up over the last ten years and still surprised by the continuous growth.
About the Sale
Financing: The owner would much prefer cash at closing but may consider some financing for a qualified Buyer.
Support/Training: The owner will stay on for a reasonable and negotiated transition period, to familiarize the Buyer with the established company policies and procedures.
Sale Objective: The current owner has a number of health considerations to deal with.