Turnkey High-End Pizza Shop Near Major Philadelphia University
Listing Number: 45783-234223
Listing Details
- Down Payment: --
- Sales: $416,000
- Seller's Discretionary Earnings: $208,000
- Inventory: $2,500
- Furniture, Fixtures, and Equipment: $70,000
- Employees: 2
- Year Established: 1
- Reason for Selling: Other Business Interests
Business Description
Why start a restaurant from scratch when the expensive and time-consuming startup work has already been done for you?
This is an exciting opportunity to acquire a newly refreshed, high-end take-out pizza shop serving the students, faculty, and employees of a major Philadelphia university, along with residents and businesses in a rapidly growing and developing Philadelphia neighborhood.
The current owner is a highly experienced restaurant operator who has owned and operated numerous restaurants, including several in Florida. His specialty is taking restaurant concepts, improving and positioning them for success, and ultimately transitioning them to new owner/operators.
After acquiring this location approximately four months ago, the owner went to work transforming the business. Virtually all of the furniture, fixtures, and equipment (FF&E) has been replaced, with the pizza oven being the primary exception. He has also created a fresh, distinctive menu featuring high-quality, creative pizzas and interesting offerings designed to differentiate the restaurant from the typical neighborhood pizza shop.
Skip the Most Difficult Part of Opening a Restaurant
Anyone who has opened a restaurant knows the challenges: finding a location, purchasing equipment, developing a menu, preparing the space, hiring and training, opening the doors, and then absorbing losses while building the business.
Here, much of that work has already been done.
A new owner can step into an operating restaurant with a refreshed concept, updated equipment, an established location, and a newly developed menu—and immediately concentrate on increasing sales and building the business.
The location offers another significant advantage: a built-in university population combined with a growing surrounding neighborhood, creating multiple potential customer segments and opportunities to expand delivery, takeout, catering, university-related business, and local neighborhood sales.
For an energetic owner/operator who understands the restaurant business and wants to avoid the cost, uncertainty, and lost time associated with starting from zero, this is an opportunity worth serious consideration.
The restaurant is built. The equipment is in place. The menu has been developed. The doors are open.
Take over and make it yours.
