Temp . Off the Market! N.Shore $299 K Pizzeria Busy Area PARKING

Essex County, MA

Seller Financing Available

Delicious!
Asking Price:$299,000
Gross Revenue:$850,000
Cash Flow:$150,000
BUSINESS DESCRIPTION

TYPE OF BUSINESS: Successful Italian Pizzeria Hand tossed!
BIG TAKE-OUT BUSINESS! Turn-key.
LOCATION: Lynnfield, high traffic count, parking area for approx. 16 cars, other parking nearby
SELLING PRICE: Priced right-$299,000 50%-70% DOWN $$ Preferred
SALES VOLUME: Owner Will Prove Sales. $16wk
20-25% delivery, 35%-40%% take-out, catering 10% ( more soon) , Lunch-Dinner 50-50
LEASE: $ 4000. Flat rate next 4 years then two 5-year options. Good rent ratio-less than 6%
. NNN-Taxes/Insurance/Maintenance -
See Lease
SQUARE FOOTAGE: approx.1510 sq. ft., good work flow, plus downstairs a large prep table- great for catering, more equipment, bathroom, office
SEATS: Approx. 16 seats including counter seating
# OF BATHROOMS: 2 very clean bathrooms -Up and down
DAYS/HOURS OF OPERATION: Mon.& Tues. 11:00 a.m -8 p.m.; W, Th. & Friday 11-9 Closed Sun.
EMPLOYEES: approx.10 employees-2 cooks, 2 drivers, 1 prep, 5 P.T. front end

REASON FOR SALE: Moving to Florida

COMMENTS
Popular, Attractive & Appealing Pizzeria. Recently renovated/updated. Clean & organized! Owner spent $70k between new and updated equipment/labor in the last few months-including 2 oven replacements, new motor for hood, 2 new refrigerators & 1 new freezer , 2 new POS systems,dessert display a new& beautiful ductless heat/air conditioner, a new R.B. slicer, a new dessert case + more. These INVESTMENTS HAVE ALREADY BEGUN TO YIELD IMPRESSIVE RESULTS!
Added revenue from : Door dash, Grub Hub and Slice. Strong upside-add more hours and build up catering business

Current owner has been here a year and sales are steady. Moving to Florida.

Excellent Records. Owner will provide year to date Sales Reports from POS and current Lease to a serious buyer. Strong upside-add more hours, increase marketing and build catering business
.If you are experienced, financially qualified and have serious interest in being a working owner/ manager please contact me by text, phone call, or email.


ALL INFORMATION IS FURNISHED BY SELLER & is believed to be accurate, should be verified by the Buyer.
Subject to errors & omissions.


DETAILED INFORMATION
Location
Essex County, MA
Inventory
Not Included in asking price
Facilities
Great facility and up-to-date equipment.
Competition
Strong take-out business-perfect for this market & future market
Growth & Expansion
Catering, add a day
Support & Training
Support during two weeks of transition.
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Charles Rollins
C Wesley Broker
Charles Rollins