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Covid Resistant Profitable Authentic Pizzeria In Wake County For Sale

Wake County, North Carolina, US
Asking Price:
$225,000 (USD) Inventory / Stock included
Sales Revenue:
$600,000 (USD)
Cash Flow:
$90,000 (USD)

Business Description:
This restaurant is conveniently located off a busy highway in a very active shopping center in Raleigh, NC. Their menu includes authentic New York pizzas, calzones, Italian subs and pastas. They opened 10 years ago with just family members and as the business has grown they have added more staff. The owners have 70 years combined experience making delicious Italian specialty dishes. Sales have been consistent for the last few years, but during Covid-19 revenue increased over $1,000 per week.

Historical Summary:
This location has been historically a very successful for a pizzeria. There has been an Italian restaurant in the same place for almost 30 years.

Owner Qualifications:
The buyer will need to have general business experience including employee management, customer relations and general accounting. Restaurant experience a plus.

Property Information

Real Estate:

Lease

Location:

The facility is located in busy shopping center with large box stores as anchors.

Premises Details:

The facility has 1,796 square feet.

Size in square feet:
1,796

Business Operation

Expansion Potential:

The restaurant currently does not use online ordering. It is felt the online ordering would increase sales for the customers that prefer it and would increase efficiency lowering costs. Currently the restaurant only uses their own drivers, using delivery apps would increase their appeal to a broader customer base.

Competition / Market:

There are the usual chain pizza places in their market, but no authentic Italian restaurants.

Reasons for selling:

Owner is retiring

Trading hours:

Mon-Sun 11-10

Employees:
3 Full time and 4 contractors
Years established:
2010

Other Information

Support & training:

The owner will work with a buyer for 30 days to insure a successful transition.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$27,000 (USD)
Inventory / Stock value:
$3,000 (USD) - included in the asking price

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