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Tewksbury-Wilmington~~super Popular Pizza Pub

Middlesex County, MA

Seller Financing Available

listing image
Asking Price:$800,000
Established Year:1992
Gross Revenue:$1,100,000
Listing ID: 2305131Listing provided by BizBuySell
BUSINESS DESCRIPTION

TEWKSBURY-WILMINGTON~~super popular PIZZA PUB


SELLING PRICE: $800,000 DOWN PAYMENT: $200K
SBA financing readily available…sellers motivated…make an offer.
SALES VOLUME: $1.1M ($25K/wk.)
LEASE: $6,300/mo. gross
SQUARE FOOTAGE: 4,000 sf. (separate bar area for private parties up to 99 people)
HOURS OF OPERATION: 6 days; closed Monday, most days 11 am – 11 pm
SEATING: 52 pizza 64 pub (99 max)
Estimated Annual Net Profit: $250K/yr
REASON FOR SELLING: retiring after 30 yrs.
COMMENTS: In operation for the last 32 years on a very busy numbered route in the Tewksbury/Wilmington area. The pub was recently added and has a great sports bar look with lots of TV’s and seating up to 99 patrons. Each partner gets $150K salary and feels it is time to retire. Real Estate may become available through an option of first refusal. What’s missing is Keno! Add keno and you will increase sales and profit unbelievably.
This is the most successful pizza pub in the region.

ATTACHED DOCUMENTS
Confidentiality Agreement Download
DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Facilities
Prime location on a very heavily traveled numbered route. Very visible small strip mall with plenty of parking. In a nice neighborhood with both residential and mom and pop commercial space. The pub was recently added with all brand new equipment and fixtures, the kitchen is impeccably maintained .
Competition
Some in the area but no pubs in close proximity
Growth & Expansion
Adding Keno would be a huge hit!
Financing
$200,000 Down Payment, Bal. for 5yrs at 6% interest
Support & Training
As needed
Reason for Selling
Retiring
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John
Ruggieri
NATIONAL RESTAURANT EXCHANGE
Phone Number
John Ruggieri
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