Pizza Restaurant for Sale in Chicago's Northwest Suburbs, Carry-out...............................$148,000
Owner/Seller will consider all reasonable offers! Price Reduced!!
Seller Financing Available!! Seller will finance up to 25% of the Purchase Price
Sale Includes: The Business, all Equipment, and all Fixtures.
This carryout and delivery pizza restaurant is located near the Cary, Crystal Lake, Barrington Hills & Fox River Grove areas of Northern/Northwestern Illinois.
One unique benefit to this location is that the local high school is less than one mile away with over 1900 students and faculty members. They sell pizza by the slice, so many of the students and faculty have made this pizza restaurant their regular stop for lunch and after school for a quick bite to eat.
This pizza restaurant offers delivery for both lunch and dinner. The menu has many food items in addition to pizza. Some of the other menu items include; 20 different sandwiches, 6 different salads, calzones, pasta dishes, panzarottis, ribs, chicken, shrimp, wings and about 12 other appetizers such as mozzarella sticks and cheesy garlic bread. They also have catering packages, family style food and a kids menu.
Even though this business generates over $350,000 in gross sales, there is still room for improvements by a new owner/operator. The current owner only works part-time and admits that he doesn’t focus at all on growing the business. Nobody is actively pursuing outside catering accounts. It’s also very difficult to make sure nothing is going out the back door and to make sure everything is being rung up when the owner is only working part-time. Another issue with a part-time owner/operator is that the payroll costs run higher than they would with a fulltime owner/operator. You also have to assume that customer service and food quality would be better with a full-time owner/operator.
Pictures of the restaurant can be emailed upon request.
Asking Price: $148,000 plus inventory Price Reduced!!
Gross annual sales (approximately): $350,000 (as stated by owner)
Cash flow (approximately): $93,000 (as stated by owner)
Value of furniture, fixtures & equipment (approximately): $90,000
Value of inventory (approximately): $4,000 (Not Included in Asking Price)
Store, Lease details (approximately): Base Rent; R.E. Taxes; & C.A.M. is $2,300/Month, Lease Expires 5/31/2015(including options), Store Size is approx 2,000 Sq. Ft., Plenty of parking.
Seller Financing: Seller may discuss with experienced and qualified buyer
Contact: Dennis, email@example.com or 312-360-1955
Pictures are available upon request. Email or call ABA as soon as possible for details and a personal tour. If you are a recent contact (within the last 6 months) we most likely have a recent CA or non-disclosure on file and we can forward pictures etc…Immediately!