Listing Number: 12451-174677
This Richmond VA Pizza and Sub restaurant has been at the same location since 2011. Current owner has been running this business since 2014. It is a very profitable operation and is truly a semi-owner absentee business model. It is a full- service Pizza & Sub restaurant and it’s best known for its food quality and its insistence on only using high quality fresh ingredients. It offers exceptional quality and tasty Pizza and Italian cuisine in which drives business evenly through dine-in, pick-up and delivery. It becomes an iconic restaurant in the area with even very little marketing and advertising. It is an exceptional acquisition opportunity.
Key Investment Considerations:
• $601,775 in annual sales 2018 with growth potential.
• $127,099 in Seller Discretionary Earning in 2018.
• Particular location has been in business under the same ownership for 4 years.
• Staff in place allows for semi-absentee ownership if desired.
• This restaurant is a cornerstone in the Chesterfield community and has been recognized for its outstanding food quality, excellent service and friendly staff.
• This restaurant provides all around dine-in, pick-up and delivery service.
• Full Time Manager in place and owner only visits location once a month
• $45,000 Renovation of restaurant and new POS System finished by September, 2018
• Seller will prove financial in person with sales report provided
- Price: $295,000
- Down Payment: $200,000
- Sellers Discretionary Earnings: $127,099
- Total Sales: $601,775
- Location: Chesterfield County, Virginia
- Inventory: $5,500
- FF&E: $100,000
- Employees: 17
- Year Established: 2011
- Reason for Selling: OTHER BUSINESS INTEREST
- Category: Restaurants