Fine Pizzeria: Hot Sopt, Short Hrs, Rev 331K, Reduced to $129K

*** Good news. The seller reduced the asking price to $129K from $159K. It's a golden opportunity to grab this business at a lower price.
> A well-positioned pizzeria with a simple signature menu, strategically located on the threshold of a 6-unit-small-sized strip mall.
> Good location on a busy street surrounded by a residential community, with parking right in front. Turn-key. EBT accepted. No ABC license.
> Spacious kitchen and fully equipped for a full line of pizza processing systems from dough preparation to making-to-order.
> High growth potential with the addition of various marketing scopes such as catering and delivery strategies through active marketing or online platform players. Currently delivery served with UberEats, GrubHub, DoorDash.
> This pizzeria is a great opportunity to capitalize on a growing, great, and money-making business if you are an owner-operator or family-run.
> Having a passion for the pizza industry and strong experience in operating a restaurant business, no way to hesitate to seize this opportunity at an affordable price.
> Seller is highly motivated to negotiate asking price for qualified buyers.
> See below for more information:
• Sales: monthly average of $27,615 based on 2022 & 2023 P & L
Yet, the average sales for January to May 2024, verified through the due diligence conducted by the seller in April and May, slightly exceeded the 2023 average, at $31,000 per month, thanks to the upward trend in business that started this year.
• The average monthly net income based on the current owner’s operating type is $9,350, but we remind you that the previous owner, who sold this pizza restaurant to the seller 4 months ago, had an average monthly sale of just over $10,500 due to differences in operating type.
• Employees: 3 PT. One of Sellers works full time, six days a week
• Lease: 5 years, increasing by 3% every year plus additional 5-year option
• Reasonable rent: $2,639 per month plus $941 for CAM
• Premise: 1,080 SF in its size
• Hours: 6 days from 11 am to 9 pm (weekdays) and 9:30 (weekend). Currently closed on every Tuesday
• History: Established in 2019. The current owner purchased and began operations in May 2024, so it has been about 4 months as of September 2024
• Located in the center of a small 6-unit strip mall, with a parking lot right in front.
• Full cash-buyer wanted.
• The reason for selling it is that one of the sellers, a younger brother, no longer wants to run a partnership and an older brother who wants to sell the business has a strong main job. No can do without younger brother’s operation.
> NDA mandatory. Sign and return NDA attached hereto.
> For more detailed information, please be sure to come to our office.
> Detailed financial information as to the previous seller’s P&L and tax return, can be provided only to Buyer who has signed an agreement or whose financial status has been confirmed.
> PFS or Proof of Funds or FICO scores required for the approval of lease assignment or further purchase process.
• "Note"
> Business summaries and financial information posted herein are believed to be reliable but obtained solely from Seller or Seller's agents. So, Buyer's verification is absolutely necessary.
> No representations or warranties are provided by the Action Realty Task, Inc’s brokers, its agents, representatives, or subsidiaries as to the accuracy, completeness or validity of such information.
> Broker and/or its agent shall not be held liable for any such information, whether or not it is true
> Buyers will be given a due diligence period of about two weeks during which they will be able to verify the accuracy of business information and books and records on their own way.
> Buyers are strongly encouraged to seek the advice of accountants, attorneys and/or other available business advisors, if deemed necessary, to verify the accuracy of any business information provided in our ads, documents or through our agents.