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After expenses, the absentee-owner has a strong bottom line. He just installed new stainless steel counters and a brand new soda machine. I am sure your first question is "If he is making a good profit running the business absentee, why is he selling?" The answer is he has another location and he wants to buy an even bigger location and he is looking to raise capital. The current manager will stay on, but if you want to be hands-on you can really expand the bottom line. The pizzeria is located near a college in a large residential area which is still growing. About 40% of their sales are from delivery; they are so busy on Friday and Saturday that they can barely meet demand with 3 delivery drivers. They are currently doing 12K per week absentee. The owner has developed a strong internet presence with their website and Facebook. They get more than $2,000 a week in online orders alone. The store is fully equipped with a 6? pizza table, 2 6-pie ovens, 4? deli cases, 2 microwaves, 6? SS table, 6? prep table, 6-burner stove, upright freezer, steam table, salamander, deep fryer, 2 upright refrigerators, Hobart dough mixer, 5? freezer chest, an internet-capable camera system with sound, an internet-capable POP system (leased) and more. Owner will hold a note for the right buyer.
1. Absentee Run
2. Near College
3. Gross sales $624,000
4. Owner Nets $65K after expenses Absentee
5. Hours: 11am – 10 pm Mon - Sun
6. Rent $2,265
7. Lease 60 months plus or new lease
8. Terms: $75K down balance over 2 years
5 years remaining
busy strip center new a college and large growing residential area
Equipment: 6ꞌ pizza table, 2 6-pie ovens, 4ꞌ deli case, 2 microwaves, 6ꞌ SS table, 6ꞌ prep table, 6-burner stove, upright freezer, steam table, salamander, deep fryer, 2 upright refrigerators, Hobart dough mixer, 5ꞌ freezer chest, an internet-capable camera system with sound, an internet-capable POP system (leased) and more.
Owner operator can really expand bottom line
To buy a bigger location
Hours: 11am - 100 pm Mon - Sun
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