Listing Number: 76931-949417
This build-your-own pizza restaurant opened in 2016 and is located in central Houston just minutes from popular downtown venues. This franchise has been rated as a top food franchise by Entrepreneur, Fast Casual, and Restaurant Business!
This brand started in 2008 and has over 75 locations across the United States. The store atmosphere is centered around the hearth of the signature brick oven and designed to blend their Italian heritage with the eclectic vibe of their hometown by mixing industrial elements with reclaimed wood and vintage tile. Menu items include authentic brick oven pizzas, pastas, chopped salads, paninis, gelato, and 25 taps of craft beer. Dine-in, carry out, delivery, and catering provide multiple revenue streams!
The restaurant for sale has 3,093 sq ft and is located in an area with excellent demographics, visibility, and traffic counts. The monthly rent (including CAM) is $7,176. The business is currently tracking to hit $610,000 in annual revenue with $138,000 in discretionary earnings for 2022. Lunch business was weak in 2020 and 2021 since many offices were closed in the area due to the pandemic. Revenues in 2022 have quickly rebounded and will continue to increase as employees return to their offices and conference centers and other venues host new events. In fact, March and April of this year were the strongest months in the history of the restaurant! Also, a new 326-unit apartment building is opening nearby this year.
The listing price includes over $60,000 in FF&E, $150,000 in Leasehold Improvements, plus $5,000 in Inventory. There are 7 employees including 2 managers on staff. The owner will provide 2 weeks of training to ensure a smooth transition. Additional time is available upon request. The current owner is active in the business but wishes to relocate in order to spend more time with family.
Increased marketing and sampling to nearby businesses, schools, and churches will help increase revenue going forward. Obtaining a liquor license is another opportunity for growth. There are also strong delivery, catering, and corporate opportunities in the area.
- Price: $ 345,000
- Down Payment: $345,000
- Sellers Discretionary Earnings: $ 138,000
- Total Sales: $ 610,000
- Location: Harris County, Texas
- Inventory: $ 5,000
- FF&E: $ 60,600
- Employees: 7
- Year Established: 2016
- Reason for Selling: Retirement
- Category: Restaurants