Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Gourmet Wood-fired Pizza Dine-in and Delivery in Affluent City
(Restaurants)
Denton, Texas
Listed Price: $ 129,000
Listing ID: 000787

Listing DetailsDown Payment: $ 64,500
Gross Revenue: $ 414,805
Cash Flow: $ 71,612
FFE: $ 75,000 (Included in Price)
Inventory: $ 2,000 (Included in Price)
Reason for Sale:

Other opportunities


Training & Support:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Prime location gourmet pizza shop placed in high household income area surrounded by many affluent cities is available for acquisition. The restaurant was established over 15 years ago in 2003 and was later acquired in 2016 by the current owner of the business. This cozy wood fired pizza place is located in a 1,942 SF of retail strip center that is anchored by a high-end nationwide grocery and enormous presence of retail chains in the area with heavy traffics and walking pedestrians. The intersection that the business is located is known for the prime spot of this area, where many adjacent and affluent cities are located side by side. Most of the customers are middle to upper-class Caucasian individuals and family from the surrounding densely populated residential neighborhoods that come to visit this area for the numerous retail businesses. Competition is expected for the pizza industry, but this business has been building a loyal customer base for over 15 years and the surrounding area doesn’t have any pizza shops that have the unique freshly made pizza done in-house using a built-in wood fired stove. All menu is designed to be made by anyone easily in short amount of time and not only does this business offers variety of pizzas but it also serves pasta, salad, panini and desserts at affordable price. Gross sales have been $380K to 400K per year that has been consistent over the last several years of operation due to the amazing location and some online marketing regularly done by current owner such as Facebook and Instagram. While some marketing was done through a social media outlet, other forms of active marketing are crucial for this business to generate more revenue and acquire more customers. Delivery service is also provided within the area through 3rd party services and can easily increase sales by converting the delivery service to in-house. Delivery is something that can increase the business by far as its location is on border that connects 4-5 affluent cities. Marketing can be done in various ways to increase the cash flow of this business such as direct mailing, door hangers, in-house delivery service, daily deals, weekly specials and catering service for large parties. Upgrading the current POS system will also help the business's operation flow much more smooth, allowing this business to enhance customer's service and handling many more orders at once. This is a great opportunity to acquire gourmet pizza restaurant located in prime location for potential buyer who is willing to do proactive marketing and setting up the in-house delivery service to reach out to untapped areas of the adjacent affluent cities.


Competition:

Competition is expected for this type of industry, but this business is the only wood-fired pizzas offered in this area.
This business serves Neapolitan-style wood fired gourmet pizza superior in quality with affordable price.


Potential Growth:

Marketing is being done to some extent at the current time, mainly thru online marketing such as social media outlets like Facebook and Instagram etc. Proactive marketing in-house delivery service to local area will greatly boost the sales as well as reaching out to customers within untapped areas of the business.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 1942
Facilities:

This business in a 3,150 SF is located next to an intersection surrounded by many national retailers with heavy traffic and nearby densely populated residential area. The intersection is known as the prime spot that has a strong enormous presence of grocery, retailers and offices. The location of this business is on border that connects many prosperous cities.


OperationYear Established: 2003
Employees: 3FT/7PT
Absentee Owner: No