$129,000

Pizza Restaurant for Sale in West Suburbs of Chicago

Illinois/Not Disclosed
Financials
  • Price: $129,000
  • Gross Income: $335,472
  • Cash Flow: $65,718
  • FFE: $55,000
  • Inventory: $5,000
  • Real Estate Value: $0
  • Source Data:
About the Business
  • Listing ID: #13324
  • Year Established: 1996
  • Financing: Owner will consider small amount
  • Training: Owner will provide some training
  • Facilities: In addition to pizza, they offer a full menu consisting of salads, sandwiches, appetizers, daily specials, soups, desserts, traditional Italian dishes and a catering menu. They are open for lunch every day except Sunday and open for dinner 7 days a week. In addition to having indoor seating for approximately 18 people, they also offer delivery and carryout. The food is very good and as a result, they have 4 out of 5 stars on Yelp. Unlike many pizza restaurants, this is NOT a franchise, so there are NO franchise fees. This is a huge benefit and an ongoing expense you donít have to worry about here. Note: The owner is willing to provide a small amount of seller financing to a qualified buyer. Asking Price/Business only: $129,000 plus inventory Gross annual sales (approximately): $335,472.78 Cash flow (approximately): $65,718.76 Value of furniture, fixtures & equipment (approximately): $55,000.00 Value of Inventory (approximately): $5,000.00 Lease details (approximately): The space is approximately 1,360 sq ft. Thereís plenty of parking available. The Base Rent & R.E. Taxes & Common Area Maintenance charges are currently approximately $2,223.50/month. The lease expires 1/31/2021 and is personally guaranteed. The annual increases in rent are 2.75%. Thereís seating for 18 inside. Seller Financing: Owner might consider a small amount of financing with qualified & experienced buyer/operators. Contact: Tony, info@ababusinessbrokers.com, Advantage Business Acquisitions, Inc. 847-722-1877
  • Competition:An area of opportunity to grow sales even further is possibly expanding the delivery area. Right now the delivery area is relatively small and could certainly be expanded, especially since they have better food than their franchise competitors. They currently only deliver to a 4 mile radius. This is another benefit of having a pizzeria thatís not a franchiseÖÖ. you can choose any delivery area you want & expand it any time you want. You also have the complete freedom to change the menu, portions, prices and ingredients any time you want.
  • Growth: This pizzeria does not currently have a beer & wine license however, thereís certainly an opportunity to acquire one. This would most likely help to increase the dine-in sales. Most of their sales are via carryout & delivery. They donít do much at all in the dining room. Another area of opportunity is outside catering. They currently have a catering menu and do some outside catering to local schools and businesses however, they donít actively seek new catering clients. They handle the catering clients that call them to place orders but donít have somebody regularly contacting new prospects to bring in new catering orders. This is something that can be implemented immediately and wonít cost a fortune.
  • Employees:

Property Descriptions

Dine in / Carryout / Delivery Pizza Restaurant for Sale in West Suburbs of Chicago This is a Carryout & Delivery Pizza Restaurant with seating inside for approximately 18 people, plus 3 tables outside. This is NOT a Franchise, so there are NO Franchise Fees. Itís located on a very busy street in the West Suburbs of Chicago with more than 32,000 cars driving by the front door each day. Itís in DuPage County near Naperville. Located in the West Suburbs of Chicago (DuPage County) Sale includes: the Business, all Equipment & all Fixtures. Purchase Price / Business only = $129,000 plus inventory This pizzeria has been in business for approximately 18 years. The current owner purchased the business in 2012. Itís located in a very busy shopping center (strip mall) in the West suburbs, near Naperville. The space is about 1,360 sq ft & has seating for approximately 18 people, plus 3 tables outside.

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Business Listed By

Tony Gavros 1806 E. Northwest Highway, Suite 3, Illinois, Arlington Heights