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Reduced LOCATION! Good PROFITS N. Raleigh Pizza Italian Restaurant

Raleigh, NC
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Asking Price:$199,500
Established Year:2014
Rent:$3,263/Month
Listing ID: 1930063Listing provided by BizBuySell
BUSINESS DESCRIPTION

1. LOW RENT; Below market rent.
2. MARKET & LOCATION: Located in a successful center in one of the strongest areas of Raleigh, which has become one of the strongest markets in the country & whose growth accelerated during the COVID pandemic.
3. LABOR: In spite of the country's challenging labor issues, this owner has a fully trained dependable staff and is able to spend quality time with his family...even family trips.
4. BUSINESS SUCESSFULLY REBRANDED FOR PANDEMIC: Touchless system implemented w/ Plexiglass barriers & QR cards @ front counter & booths. Customers can scan card w/ phone & order on-line. Outdoor courtyard w/ abundant seating. Pizza has outperformed every other segment in the restaurant industry during the pandemic.

DETAILED INFORMATION
Location
Raleigh, NC
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,594
Facilities
Complete kitchen. Dining room seats 40. Expansive outdoor courtyard seating. Unlimited parking. Thriving neighborhood center with major grocery store anchor. Not one Tenant in this successful center closed during the COVID pandemic. This center has become a destination for outdoor dining...numerous award-winning restaurants including this one.
Competition
Raleigh is one of the top & most sought after growing markets in the country and particularly with the restaurant industry. There is always competition in a location this strong. The business is a proven multiple awards winner, with a complete & experienced staff and, unlike most of its competitors...even national franchise competitor...operates a full 7 days/week full hours schedule. Strong competitor. Prior owner developed this concept for 15 years.
Growth & Expansion
Established brand in one of the fastest growing markets in the country. The previous owner expanded this concept for 15 years. The pizza Italian restaurant category has consistently been one of the restaurant industry's strongest segment performers for decades, because of its strong customer perceived price value, low food cost, and affordable entry level business investment. This particular concept was designed to offer a wide menu, yet with a limited inventory, making employee training easier.
Support & Training
2 weeks. Additional negotiable.
Reason for Selling
Owner have successfully completed 5-yr. plan to buy, rebrand & sell, just like h
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Ken
Jarvis
Ken Jarvis Consulting
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Ken Jarvis
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