Absentee run Pizzeria Grossing $950,000 a year

Broward County, FL
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Asking Price:$450,000
Inventory:$10,000
FF&E:$400,000
Gross Revenue:$950,000
EBITDA:$155,000
Established Year:2021
BUSINESS DESCRIPTION

Absentee run Pizzeria Grossing $950,000 a year

LOCATION- LOCATION- LOCATION. Here is an Amazing Opportunity to buy a Semi Absentee Pizzeria in an Amazing Location by the Beach with two major Brands, one on each side of it. The Pizzeria is part of a fast-growing Pizza Chain and currently a Company owned Store that is absentee run. This Pizzeria already has an owner benefit of about $155,000 on Auto Pilot and has much room to grow. Currently grossing $950,000 a year with the Potential to Gross over $2,000,000 in the Coming years with a net income of $500,000 as there is plenty of new builds coming up in the area including a New Ritz Carlton Residence and this location has no in house delivery. This Pizzeria is in one of the best locations for a Restaurant in all of South Florida. There is also the possibility to add a Coffee and Desert Bar that includes Gelato in the Pizzeria. There is no coffee shop in the area and it’s something in very big demand. The Company has not added any Delivery Apps such as Uber Eats or Doordash and they don’t offer in-house Delivery which can potentially increase gross by 30% or more.

The Business is part of a very strong brand of Pizzerias there will be a licensing agreement with very low royalty and support from the company.

Another great thing about this Business is the 15 Year Lease in an area where currently leases are untouchable. Call for an NDA and you will be amazed at what a great opportunity this store is. We expect it to go fast.


DETAILED INFORMATION
Location
Broward County, FL
Inventory
Not Included in asking price
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The Restaurant was built from scratch two years ago everything is new, it has two hoods and grease trap. It has new fast and efficient pizza ovens. Great staff, Seller is absentee.
Competition
There is little competition in the area and no immediate competition.
Growth & Expansion
There is the opportunity to grow a lot by adding in house deliveries, mailing out menus, adding Gelato and Coffee, also promoting a happy hour as the business is in a very happening area right across the street from the Beach.
Financing
NO SELLER FINANCING IS AVAILABLE
Support & Training
There will be two weeks of training.
Reason for Selling
Company is getting into Franchising is only keeping original location and wants
Franchise
This business is an established franchise
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Alan
Mehrez
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Alan Mehrez