Listing Number: 5182-498112
Description
Popular, Profitable Pizza Shop in One of the Fastest Growing Communities in Southeast Tennessee-Great Growth Potential! Opened in Summer of 2022, the owners had great success at another style restaurant they owned which offered a popular pizza. With this success, they opened a pizzeria in a rapidly growing, high income community. Strategically, this community has increased in population 22% from 2010 to 2021 with average priced homes in the $400Ks. It is an exceptionally attractive, low crime area. Due to residents with higher discretionary income, the preference for this level of quality has been a boon to this new business and as a result, has increased revenue to over $441K since its inception in July, 2022. All sales originate from eat-in and carry-out, without the benefit of delivery (which a new owner can offer). This restaurant features handmade pizzas, an assortment of specialty "pizza bowls" (great for those on low carb diets), and homemade desserts.
Lease is transferable.
The Owners are seeking a savvy restaurateur to take this restaurant to the next level so that they may retire.
Listing Details
- Price: $350,000
- Down Payment: $350,000
- Sellers Discretionary Earnings: $0
- Total Sales: $441,101
- Location: Hamilton County, Tennessee
- Inventory: $2,000
- FF&E: $256,000
- Employees: 11
- Reason for Selling: Retirement
- Category: Restaurants
