Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Listed by:

Cincinnati Business Brokers

Independent Pizzeria In Lexington For Sale

Lexington, Kentucky, US
Asking Price:
$395,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,020,000 (USD)
Cash Flow:
$220,000 (USD)

35+ Year Independent Pizzeria

The retirement aged owner of this landmark pizzeria enjoyed his best year in 2020 with sales over $1,000,000. This is a 4700 square foot pizzeria that sits on close to 1 acre with seating for 140 and parking for over 65 cars. The pizzas are baked in 3 brick ovens along with serving pastas, salads, sandwiches, chicken wings, desserts, soft drinks and beer. The business is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Highlights include:

SBA loan qualified
POS System in place
Price includes all inventory
Real estate available to purchase
Dine in – delivery – carryout available
Price includes $55,000 value of equipment
Building & equipment in excellent condition
Excellent long - term management staff in place
Clean books and records – all numbers are verifiable
Owner earnings over $276,000 if one buys the property
’18 sales $722,000 – ’19 sales $813,000 - '20 sales $1,020,000

Property Information

Real Estate:

Lease

Location:

Located on a main street in town.

Premises Details:

This is a 4700 square foot pizzeria on 1 acre with seating for 140 and parking for 65 cars. It has been well maintained both on the exterior and interior with good equipment.

Business Operation

Expansion Potential:

There is plenty of room for growth with more promotion and menu alterations.

Competition / Market:

This is the landmark pizzeria in this area. Generations of families frequent this pizzeria for great food and great atmosphere. Competition certainly exists, but this is the best in town.

Reasons for selling:

The seller is in his mid – sixties and wishes to retire after he successfully transitions the business to a new owner.

Trading hours:

Sunday thru Saturday

Employees:
15
Years established:
35

Other Information

Support & training:

The owner will train in all aspects of the business and will be available to ensure a smooth transition

Financing available:

SBA loan available

Furniture / Fixtures value:
$55,000 (USD) - included in the asking price
Inventory / Stock value:
$7,500 (USD) - included in the asking price

Contact Cincinnati Business Brokers

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here