Business Sales & Acquisitions
Price
$575,000
Location
Northern New England
Industry
Food and Restaurants
Listing ID
MT71323
A local favorite, this charming pizzeria offers ample indoor seating for 100 with a wrap-around deck with 40 seats for outdoor dining overlooking the riverfront. Nestled in a quaint, downtown village setting, the location offers ample parking and is only 3/10 of a mile from a college campus and 2 miles from a popular ski area. Well-established with a long history prior to acquisition by current owners who have been running the restaurant for 18 years, sales are evenly split between take-out and dine-in service. This comfort food hotspot has a solid reputation among the locals as well as tourists. 25 years remain on the lease with an option to renew for an additional 10 years. Opportunity for increased sales by expanding bar service from beer and wine only to full bar and/or extending service hours. This is an outstanding opportunity to take a successful restaurant to the next level!
Annual Cash Flow: $210,000
Gross Revenue: $950,000
FF&E: $45,000 included
Reason for selling: Owner seeking retirement.
Previous experience in hospitality and food service industry is highly recommended. Current owner will assist with transition.
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Price: $575,000
Location: Northern New England
Industry: Food and Restaurants
Listing ID: MT71323
A local favorite, this charming pizzeria offers ample indoor seating for 100 with a wrap-around deck with 40 seats for outdoor dining overlooking the riverfront. Nestled in a quaint, downtown village setting, the location offers ample parking and is only 3/10 of a mile from a college campus and 2 miles from a popular ski area. Well-established with a long history prior to acquisition by current owners who have been running the restaurant for 18 years, sales are evenly split between take-out and dine-in service. This comfort food hotspot has a solid reputation among the locals as well as tourists. 25 years remain on the lease with an option to renew for an additional 10 years. Opportunity for increased sales by expanding bar service from beer and wine only to full bar and/or extending service hours. This is an outstanding opportunity to take a successful restaurant to the next level!
Year Established: 1990
Year of Last Acquisition: 2005
Days & Hours of Operation: Monday-Saturday, Lunch and Dinner
Owner Hours Per Week: 60
Non-Owner Payroll: $17,000
Employees: 12 PT
Security on Lease: 2000
Monthly Rent: 4300
Type of Location: Downtown Village, Mixed-Use Building
Square Footage: 3962
Historical Summary: Annual Cash Flow: $210,000 Gross Revenue: $950,000 FF&E: $45,000 included Reason for selling: Owner seeking retirement.
Owner Qualifications: Previous experience in hospitality and food service industry is highly recommended. Current owner will assist with transition.
"*" indicates required fields
Price
$575,000
Location
Northern New England
Industry
Food and Restaurants
Listing ID
MT71323
A local favorite, this charming pizzeria offers ample indoor seating for 100 with a wrap-around deck with 40 seats for outdoor dining overlooking the riverfront. Nestled in a quaint, downtown village setting, the location offers ample parking and is only 3/10 of a mile from a college campus and 2 miles from a popular ski area. Well-established with a long history prior to acquisition by current owners who have been running the restaurant for 18 years, sales are evenly split between take-out and dine-in service. This comfort food hotspot has a solid reputation among the locals as well as tourists. 25 years remain on the lease with an option to renew for an additional 10 years. Opportunity for increased sales by expanding bar service from beer and wine only to full bar and/or extending service hours. This is an outstanding opportunity to take a successful restaurant to the next level!
Annual Cash Flow: $210,000
Gross Revenue: $950,000
FF&E: $45,000 included
Reason for selling: Owner seeking retirement.
Previous experience in hospitality and food service industry is highly recommended. Current owner will assist with transition.
Administration and Mail
209 West 29th Street
Suite 318
New York, NY 10001
Phone: 212-473-5000
1245 Farmington Ave
Suite #302
West Hartford, CT 06107
Phone: 860-474-8000
1001 Liberty Ave, 5th Floor
Pittsburgh, PA 15222
Phone: (215) 461-5000
Two Liberty Place
50 South 16th Street
17th floor
Philadelphia, PA 19102
Phone: 215-388-2334