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
Broker Contact Form
Name

Email

Phone

Comment


Two Fast Casual Gourmet Pizza Dine-in and Delivery
(Restaurants)
Collin, Texas
Listed Price: $ 629,000
Listing ID: 000891

Listing DetailsDown Payment: $ 160,000
Gross Revenue: $ 1,190,000
Cash Flow: $ 250,000
FFE: $ 160,000 (Included in Price)
Inventory: $ 6,000 (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:

Two-location well-established fast food gourmet pizzerias placed in affluent cities are now available for acquisition as a package deal. The first location was originally established in 2007 by the current owner of the business that has built the business from scratch, and occupied in a 1,525 SF space of retail strip center next to a busy intersection with heavy traffic coming from nearby main road of a city. The second location was established by the current owner in 2012, and is located in a 2,320 SF end-cap space of retail strip center that is anchored by a nationwide grocery, and there is an enormous presence of retail chains around the business with heavy traffics. Both businesses are located in different city, but both of them were well established in prime location of each city since their inception. Demographic of the customers for both locations are a well mix of different ethnicities of high income individuals and families from surrounding upscale residential neighborhoods. Competition is inevitable within these prime locations, but this business is known for their high quality ingredients used in the menu items compared to the mass produced menu items from corporate chains that are located nearby. Most of the competitors in the immediate market 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. Gross sales of first location have been very consistent over the last several years and does $550K to 600K per year, and second location have been consistent as well for last several years around $600K to 650K per year. 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. These two businesses have great potential because the cities where these businesses are located still have a plenty of rooms to grow, and have much more demographics that have a large amount of disposable income which can generate more revenues along with proactive marketing. This is a great opportunity to acquire two well-established high volume gourmet pizzerias 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:

These gourmet pizzerias are very competitive due to its prime location as well as 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. But there is still a plenty of rooms to grow for this business due to its prime location, and the city has much more demographics that have a large amount of disposable income which can generate more revenues along with proactive marketing.


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:

The first place is located in a 1,525 SF space of retail strip center next to busy intersection of a city with tremendous traffic. The second place is in a 2,320 SF end-cap space of retail strip center anchored by a nationwide grocery in affluent city. Dine-in is spacious and uniquely designed, and the interior of the business is well-built in cozy ambiance with fireplace decoration.


OperationYear Established: 2007
Employees: 8FT/13PT
Absentee Owner: No