25+ Year Independent Pizzeria - Owner Earnings Over $220,000 - SOLD

25+ Year Independent Pizzeria - Owner Earnings Over $220,000 - SOLD Location: Northern Kentucky
Listing Number: 21del

Financial Information

Asking Price: $395,000
Gross Revenues: $1,020,000
Cash Flow: $220,000
Real Estate: Available to purchase

Business Description

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