High Volume Pizza Restaurant

Undisclosed Address, Rhode Island
Business Opportunity for Sale
Catylist Listing ID: 30765587
Property Subtypes: Food and Beverage
Building Size (RSF): 1,900 SF
Sale Price: $325,000
Year Business Established: 2010
Gross Revenue: $785,000 (Annual)
Cash Flow: $134,000 (Annual)
Sale Terms: Seller financing available for qualified buyer. Minimum $100,000 down payment.
Last Updated: 10/17/2021

Overview / Comments

Well established pizza and seafood restaurant in East Providence. High volume pizzeria offering dine-in, take out or delivery. Harbor Touch POS system and all of the latest ordering apps make managing this fast paced restaurant a breeze. Restaurant seating capacity of 36. Sale includes all furniture, fixtures and equipment. Truly a turn key business opportunity.
Favorable lease in place. Seller financing available for qualified buyer.

Additional Details

Industry Segment: Restaurants
Value of Inventory Included ($): $30,000
Value of Furniture, Fixtures, and Equipment ($): $175,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: 5 year lease in place with renewal option. $1,750.00 per month base rent plus utilities. Increase in real estate taxes over base year paid by tenant.
Employee/Labor Description: Owners are part of the labor force plus 2 full time and 5 part time employees.
Mgmt/Training Support Description: As needed.
Seller Financing Description: Seller financing available to highly qualified buyer. Minimum $100K down.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,055 20,947 38,640
Median Age: 41.9 43.9 44.31
Households: 433 8,398 14,886

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