See Similar Listings

North Shore Pizza/Italian Restaurant with Beer & Wine license

Essex County, MA

Seller Financing Available

Illustrative picture
Asking Price:$469,000
Gross Revenue:$935,000
FF&E:$108,000
Cash Flow:$240,000
Rent:$20
Established Year:2021
Listing ID: 2244868Listing provided by BizBuySell
BUSINESS DESCRIPTION

Steady record of profitability and good lease

Thriving, family-owned Italian and pizza restaurant with excellent cash flow. Rare opportunity. On the North Shore. Known for quality food at competitive prices and a warm, welcoming atmosphere, it has quickly become a standout in the area. The menu offers a wide range of options, from homemade pasta dishes, fresh daily seafood, to authentic brick oven pizza, burgers, subs and salads. With 97% of the food prepared fresh on-site, the restaurant caters to modern dining preferences including take-out and delivery. Projected 2024 sales approach $1.0 million, and the dedicated team of 14 ensures smooth operations. The inviting interior seats up to 28, and the kitchen is well-equipped. The sales includes all assets except the name and website, allowing for rebranding while serving a loyal customer base. Don’t miss this chance to acquire a stable and profitable restaurant!

Revenue and cash flow numbers are projections.

DETAILED INFORMATION
Location
Essex County, MA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,542
Lease Expiration
31/07/2031
Employees
14
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
1542 sq.ft. Current Rent $20/sq.ft. Initial assigned term to 7/2031. A 5-year option negotiable. The restaurant's interior is simple and clean, featuring light-colored walls with framed pictures and a patterned tile floor. Small tables and chairs along the wall and front create a cozy atmosphere. The lighting, a mix of recessed and track lights, adds warmth. The kitchen, visible behind the counter, has stainless steel appliances and a large indoor window separating it from the dining area, allowing customers to watch food preparation.
Competition
Pizza is a mainstay in many American households. The Italian restaurant industry has had healthy growth rate over the last five years and in 2024 the industry is expected to see revenue growth of 1.7%.* Other sub/pizza shops in the area are not considered to be close competition as their pizza is Greek style instead of Italian. Other local restaurants do not offer similar authentic Italian cooking. *Source - IbisWorld.
Growth & Expansion
Expand marketing through targeted marketing and social media marketing, as current owners have recently tapped into 3 neighboring towns solely through word of mouth. Opportunity to expand days and hours for additional growth.
Financing
Limited financing available to a qualified buyer
Support & Training
One week training and support, as needed. Additional training and support negotiable.
Reason for Selling
Health issues
Report an Issue with this listing
profile-img
Jeffrey
Starfield
logo-img
Phone Number
Jeffrey Starfield
Call Phone