Iconic Pizzeria & Bar

Struthers, OH
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Asking Price:$249,000
Gross Revenue:$1,221,667
FF&E:$100,000
Cash Flow:$110,950
Rent:$4,500
Established Year:1951
BUSINESS DESCRIPTION

A PROFITABLE and FUN neighborhood PIZZERIA and BAR that has been a beloved community LANDMARK for over 70 years! Located in a stand-alone building on a busy main thoroughfare with plenty of parking, this turn-key business is primed for a hands-on owner-operator to take over and continue its success. Currently absentee-owned, the financials provided reflect the potential for an owner-operator stepping in as the manager. The business features a FULLY EQUIPPED kitchen and is fully staffed with experienced employees, offering dine-in, carry-out, and third-party delivery services.

The expansive 5,200+ sq. ft. space includes a MAIN dining area bar, OUTDOOR patio bar, and a BANQUET room bar. Indoor seating accommodates approximately 110, with outdoor seating for 35, and banquet room seating for 40. Popular events like karaoke, bingo, and DJ nights keep customers coming back. This OPPORTUNITY also includes the use of a full liquor license (D1, D2, D3, D3A, and D6) with a seller/buyer management agreement for use of the license with a security deposit.

The real estate is available separately for $450,000 or monthly rent at $4,500. Landlord is willing to give a longe term lease. Don't miss the chance to own this ICONIC business and make it your own!

*** INTERESTED PARTIES PLEASE SUBMIT YOUR INFORMATION THRU THE CONTACT FORM SECTION TO THE RIGHT TO RECEIVE THE NON-DISCLOSURE***. MUST SHOW PROOF OF FUNDS PRIOR TO RELEASING INFO

IMPORTANT NOTICE: This is an operating business being offered for sale "CONFIDENTIALLY". We will not release any information unless there is a non-disclosure signed and proof of funds.

Information contained herein has been obtained from the Owner of the Property or from sources deemed reliable. We have no reason to doubt its accuracy but make no warranty or representation. All information is submitted subject to errors, omissions, changes, withdrawal without notice and any special listing conditions of the Owner.


DETAILED INFORMATION
Location
Struthers, OH
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
5,200
Lease Expiration
23/09/2034
Employees
22
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Newly remodeled
Growth & Expansion
Add in house delivery
Financing
To a qualified buyer with $200,000 down and remainder over 24 months at 6%
Support & Training
2 weeks at no cost
Reason for Selling
Moving
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George
Antonaklas
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George Antonaklas