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Award Winning Absentee Owner Pizza Restaurant SC2068


Award Winning Absentee Owner Pizza Restaurant SC2068

 Financial Information

  • Asking Price: $299,000
  • Gross Revenue: $615,499
  • Cash Flow: $97,112
  • Down Payment: N/A
  • FF&E (Included): $85,000
  • Inventory: $8,000
  • Financing: No

 Business Location

  • Sacramento County, California

Primary Business Category: Restaurants

This Northern California Award Winning Pizza Restaurant is a California Limited Liability Company and was started 6 years ago and has been under current ownership since inception. They offer specialty pies, chicken wings, ice cream, and beer and wine (Type 41 ABC License). They offer highly customized pizza pies made however you like, cooked in served under 6 minutes. Wings are also highly customized as well and include multiple flavors and bone-in and boneless options. Restaurant location includes indoor seating and take out, and you can place orders online through their website or with DoorDash. They offer build your own salads and pizza options that also include vegan cheese, cauliflower crust and gluten free options. THIS BUSINESS IS SET UP TO BE ABSENTEE OWNER RUN.

Competition Description

There are other restaurants that allow for a build your own pizza, but the versatility of this location along with offerings of wings and beer/wine make them unique, as well as one of the competitors is a Franchise which is more restrictive in operations.

Growth / Expansion overview

A large portion of the business directly comes from word of mouth and repeat customers (considering the number of years they have been in business they have a large installed base of customers, and their high reputation in market), but they perform marketing in several venues including Facebook, Yelp, Instagram, Style Magazine, and their website. They have had success in retaining staff, and finding new staff as needed. This is NOT a Franchise, so they can make adjustments as they see fit anytime they would like to. They have been ranked 1st place as Best Pizza in the area they serve. Additional profit can be obtained if an owner wanted to get involved in day-to-day management.

Support / Training Comments

The Seller is willing to provide training at 40 hours per week for 2 weeks for the new Owner. Any additional training beyond this time would be agreed to at mutually agreed upon terms between the Buyer and Seller.

Reason For Sale

Sellers have moved to Southern California. This is an Absentee Owner Business.

  • Home Based: No
    •  
  • Year Established: 2015
    •  
  • Franchise: No
    •  
  • Year Acquired: 2015
    •  
  • Willing to Train: Yes
    •  
  • Relocatable: No
    •  
  • Required Licences: Type 41 ABC License - with business
  • Is Property Leased: Yes
    •  
  • Real Estate Available: No
    •  
  • Real Estate Included: No
    •  
  • Real Estate Value: N/A
    •  
  • Real Estate Asking: N/A
    •  
  • Days Open: Monday-Sunday
    •  
  • Hours Open: 8:30am to 9:00pm
    •  
  • Fulltime Employees: 1
    •  
  • Part time Employees: 12
    •  
  • Is Management Staying: Yes
    •  
  • Distressed: No
    •  
  • Monthly Payroll: ON REQUEST
    •  
  • Building Size: 1,500 sq. ft.
    •  
  • Monthly Rent: $3,585
    •  
  • Lease Miscellaneous: CAM of $1748 per month not included in Rent

 

Broker: ProEquity Asset Management Corporation License ID: 01870526



Listed By: Adriana Sargent

Background information

Reference:

SC2068

Year established:

2015

Reason selling:

Sellers have moved to Southern California. This is an Absentee Owner Business.

Operations

Employees:

Full time Employees: 1 Part time Employees: 12

Equipment:

Upon request

Inventory:

Inventory: $8,000 Upon request

Premises

Facility:

Is Property Leased: Yes Real Estate Available: No Real Estate Included: No Real Estate Value: N/A Real Estate Asking: N/A

Square footage:

1,500 sq. ft.

Rent and lease terms:

Building Size: 1,500 sq. ft. Monthly Rent: $3,585 Lease Miscellaneous: CAM of $1748 per month not included in rent

Location:

Sacramento County, California

Opportunities

Growth:

Growth / Expansion overview A large portion of the business directly comes from word of mouth and repeat customers (considering the number of years they have been in business they have a large installed base of customers, and their high reputation in market), but they perform marketing in several venues including Facebook, Yelp, Instagram, Style Magazine, and their website. They have had success in retaining staff, and finding new staff as needed. This is NOT a Franchise, so they can make adjustments as they see fit anytime they would like to. They have been ranked 1st place as Best Pizza in the area they serve. Additional profit can be obtained if an owner wanted to get involved in day-to-day management.

Market:

Competition Description There are other restaurants that allow for a build your own pizza, but the versatility of this location along with offerings of wings and beer/wine make them unique, as well as one of the competitors is a Franchise which is more restrictive in operations.

Price and terms

Price:

$299,000

Financing:

No seller financing, SBA qualified and traditional financing available.

Training:

Support / Training Comments The Seller is willing to provide training at 40 hours per week for 2 weeks for the new Owner. Any additional training beyond this time would be agreed to at mutually agreed upon terms between the Buyer and Seller.