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#Business ID: 14502

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Pizza Restaurant - 6 days per week - High Volume

Business Location: Southern NH, Hillsborough, New Hampshire, United States

Asking Price: BUSINESS SOLD Revenue: $ 1,414,000 Cash Flow: $ 431,000

[Inventory / Stock included]

Business Summary

Buyer must have food service experience. This is one of the premier, independent, high volume Pizza and Sub restaurants in the state of NH. Well known and established as a pizza restaurant since 1977. The restaurant is patronized by steady and regular clientele. Staff is trained and reliable. The menu is simple making it easy to learn. In 2012 sales were $1,414,000. Restaurant is open 6 days a week and can easily expand to 7 days a week if a new owner wanted to expand. A new owner could also expand by adding beer and wine to the menu. Capacity is for 160 and seating for 110 inside with additional seating outside during good weather. Approximately 60% of the business is eat-in and take-out; about 40% is delivery. Included in the sale are all the restaurant fixtures and equipment, the rights to the name, rights to the telephone number and rights to the lease, a non-compete agreement and training. The business has good records and books. Seller is planning to take some time off and pursue other business interests. This is an outstanding and rare opportunity for an individual, partnership, or family to acquire, a high volume Pizza restaurant with plenty of upside potential for growth.

Property Details

Years Established:

1977

Property Type:

Lease

Inventory Value:

$ 8,000

Other Business Details

Business Location:

Facilities: The business is located on a highly visible, first floor location, with an estimated 30,000 car-count in front. The business location is approximately 3000 sq. feet with another 2000 sq. ft (approximately) in the basement available for storage. Initial term rent is $5,000 per month, including heat and property taxes, with periodic CPI increases.

Expansion Potential:

Growth/Expansion: May be achieved by increased marketing; expand catering, open 7 days a week (currently 6 days). Also by adding beer and wine to the menu.

Business Operation Details

Employees:

19

Trading Hours:

Open 6 days per week

Support & Training:

Seller will provide 4 weeks of training included in the sale immediately after closing.

Miscellaneous Details

Financing Available:

Yes
Down payment of $300,000, Seller will finance the balance of the selling price.

Reason For Selling:

Seller wants to pursue other business interest and may be relocating.

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