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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Quick-serve Gourmet Pizza Dine-in & Delivery
(Restaurants)
Collin, Texas
Listed Price: $ 299,000
Listing ID: 000883

Listing DetailsDown Payment: $ 75,000
Gross Revenue: $ 508,502
Cash Flow: $ 101,379
FFE: $ 80,000 (Included in Price)
Inventory: $ 3,000 (Included in Price)
Reason for Sale:

Looking for 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:

Well-established prime location fast food gourmet pizzeria placed in affluent city is now available for acquisition. This business was established in 2007 by the current owner of the business that has built the business from scratch. This gourmet pizza place is located in a 1,525 SF of highly visible space in retail strip center next to a busy intersection with heavy traffic coming from nearby main road of a city, and is surrounded by densely populated residential neighborhoods and numerous businesses that attract a number of people to the area. Quite a few competitors were found in the immediate market area, but competition has been fully established, and this business has a reasonable price point for high quality product offered with quick service concept which is only one of many strong points of this business compared to the competition in the immediate market area that has no middle ground market for their products. Most of competitors in the area have products that are either expensive or cheap with nothing in between, but this business has accumulated a number of customers in the middle ground with reasonable price point for their unique product line made with high quality ingredients. Various menu items are provided at this business that can range from appetizers, salads, soups, baked wings, calzone, specialty pizzas, create-your-own pizza, pastas, sandwiches, desserts and a dedicated kids menu. Demographic of the customers are a well mix of different ethnic group of high income individuals and families from surrounding upscale residential neighborhoods. Gross sales have been $550K to 600K per year that has been very consistent over the last several years of operation due to the prime location and some marketing regularly done by current owner. Although some marketing is in place through their website, coupons, social media outlets etc., but other proactive marketing methods needs to be utilized to achieve maximum income capacity as well as growing the customer base with individuals outside the immediate market area. Engaging with additional 3rd party delivery and catering service companies is another huge opportunity to increase the total sales by reaching customers outside their immediate delivery zone. Improving the current menu by offering a variety of new creative menu items and specials tailored to wider demographics of potential customers in this affluent city will also help to generate much more revenue. Upgrading the current POS system will also help the business's operation flow much better, allowing this business to enhance customer's service and handling many orders at once. This is a great opportunity to acquire well-established high volume gourmet pizzeria for potential buyer who is willing to be more hands-on in the day to day operation and marketing to reach out to untapped areas of the city.


Competition:

Competition is unavoidable in this type of industry, but this gourmet pizza shop has by far superior than other competing corporate brands within the immediate market area in terms of high-quality products and quick services.


Potential Growth:

Minimal marketing is done and proactive marketing methods are needed to fully utilize to achieve maximum income potential. By upgrading to the current POS system, the business will be run much more effectively and smoothly in terms of keeping up with the sales, customers, and overall delivery process.


Financing/Terms:

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


LocationSquare Footage: 1525
Facilities:

This business is occupied in a 1,525 SF space of retail strip center next to busy intersection of a city with tremendous traffic.


OperationYear Established: 2007
Employees: 4FT/7PT
Absentee Owner: No