Right Owner Can Make A Lot Of Dough With Pizza And Pasta Restaurant

Location: Georgia, United States
Category: Food and Beverage
Type: Established

Financials

Asking Price: $185,000
Cash flow: $57,648
Revenue: $421,141
Gross Income: Not Disclosed
Inventory: $2,500 - Included in the Asking Price
FF&E $100,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This family pizza and pasta is an established family friendly restaurant in metro Atlanta. Population is currently just over 200,000 with over 45,000 in the 3 mile radius surrounding the restaurant. The restaurant opened in early 2003 and quickly became a popular location for local residents looking for quality pizza, fresh made pastas, salads, beer and wine. The current owners purchased the business in April, 2005. The restaurant had hit a low point in sales and reputation, but still had a loyal following that they felt they could build upon. They knew that they could offer better quality and higher service levels than the previous owner. They concentrated on revamping the menu using recipes from our previous years of experience in the restaurant business. In addition, they worked diligently to provide higher levels of service to their guests. They were able to increase sales from just under $30,000.00 per month to more than $50,000.00 per month in the first year of ownership. As further evidence of their efforts their restaurant received an award in 2006. Anchored by a high volume grocery store, the center has provided steady increases in business and a very high level of satisfaction for their guests. The new space is just over 4,900 square feet, and has a separate bar and private dining space which they use for special events. These popular events bring significant additional revenue to the business. A savvy entrepreneur could grow the business substantially by focusing on catering, To-Go orders and possibly adding delivery service.

General Information

Reason Selling: Family health reasons.

Number of Employees: 17
Year Established: 2003