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Long Established Pizza In Delaware County Pa For Sale

Delaware County, Pennsylvania
Asking Price:
$350,000 (USD)
Sales Revenue:
$760,000 (USD)
Cash Flow:
$210,000 (USD)

Pizzeria Restaurant located in most affluent area of Delaware County, PA and in an active commercial area with various successful businesses. The business projected 2018 gross income is approximately $760,000. This Pizzeria is located at a highly active county road with lots of drive by vehicles . The facility consists of 1,100 square feet with a fully equipped commercial kitchen, a walk up counter for fast food service and appropriate seating for 16 person. This business running with same owner from last 18 years with a solid customer base and 55% of the income represents delivery service. This particular business has three full time and 11 part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $18,000. The business has an assignable commercial lease which expires 2024, plus additional five year options, with a monthly rent of $2400, and rent security of $2500. The business has been valued at $350,000 and this sale is based on a multiple of the net yearly income along with the value of the assets.This is a wonderful business opportunity. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only

Property information

Real Estate:

Lease

Lease Terms:

Five years with option

Leasehold Rent:

2400/Month per annum

Business Operation

Reasons for selling:

Other Business Interest

Trading hours:

10:00 AM TO 10:30 PM

Employees:
Three full time & twelve Part time
Years established:
2001

Other Information

Support & training:

Two week

Contact Information

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