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Business for Sale Summary

Pizza Restaurant in Middlesex County MA - 31689

Business Type: bar/tavern/night clubs,other eating & drinking places,pizza parlour,seller financing available,restaurant/ cafes/ diners
Owner Financing
Pizza Restaurant in Middlesex County MA
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This business has received 87 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $200,000 Down Payment $100,000
Gross Revenues $480,000 Lease Remaining Register Free to View
Owner’s Cash Flow $60,000 Number of FT Employees Register Free to View

Financing

$100,000 Down and 5 years @6 %

Business Description

Price reduced for quick sale PLUS lower down payment with balance over 5 years! Revenue has also been increasing with daily sales averaging $1500 p/day due to an improved on line ordering system, increased catering orders and liquor sales! Buy now and be ready for holiday parties! Great opportunity to own a "turn key" sit down restaurant, WITH liquor license, in a very busy and professionally developing area! Only open a little over a year this Mediterranean restaurant and pizza business has consistently had steady increases in revenue every month. Established a very good reputation and featured in the Boston Globe! Great selection of wood fired grilled meats and vegetables! Located on a very busy road at a T stop and bike path, adjacent to new several high end apartment buildings with a capacity of 1000 new units! Also many new office parks in area. Totally renovated space, at a cost of $100,000, and all new equipment. Owner is a contractor so no expense was spared, including the custom built tables and wood fired grill. Also has a charcoal grill not being used. Seating for 50. Two dining areas, one can be used for private parties. Second kitchen in basement, with tile floor, set up to make dough and prep area for catering. Catering business has increased significantly. Has been working with EZ Caterer along with their own marketing effort. Has a full liquor license and bar. Liquor license is "rented" through town and pay $6,000 p/year. 30% of business is delivery/30% take out/40% eat in. Place is absolutely "turn key" especially for a chef/owner. Staff wants to remain. Landlord interested in negotiating a new longer term lease for a qualified buyer. Providing great seller financing with only 50% down! It would cost you more to open a place like this, plus here you have income starting day one. Owner in proces of doing some direct mail campaigns to increase revenue and has also been reinvesting any money he makes back into the busiess. Is doing very minimal social media marketing. Increase revenue by offering more "eat in" special events and continue with catering. Make an offer today, seller is motivated as he has another business.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.