Business For Sale Listing 139275
Sub-Pizza-Wings Rest.$75k cf - Solid Reputation
Status as of Aug-20-2008 at 06:01 PM: Off The Market
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Business Summary
Financial Information
Asking: $185,000
Gross: $375,000
Cash Flow: $75,000
Furniture, Fixtures & Equipment: $60,000
Inventory: $2,000 (included in price)
Financing: All above $100,000
Summary Description
This restaurant has been in place for twenty years. It has an excellent high-traffic location close to a major college campus. Lots of opportunity to expand sales through advertising and promotion and an effort to provide catering to nearby college groups and businesses. Trained employees are in place. Motivated seller is ready to negotiate!
General Information
Facilities: The restaurant is a stand-alone building with 1421 square feet with seating for 55 inside and 45 outside, with plenty of dedicated parking. Recently remodeled, the furnishings and equipment are all top quality and in excellent shape. The restaurant is in the third year of a 5-year lease w/ two 5-year options. Lease is $2470/month.
Competition: The restaurant is located on a busy street in Raleigh. It has been in place for over twenty years and is well-known in the area.
Growth and Expansion: The current owner does no advertising, not even in the Yellow Pages. Some promotion of the business and catering services would definitely yield higher sales. The menu could be enhanced--one way could be to reduce the number of items currently offered.
Support/Training: Up to two weeks.
Reason Selling: Owner is relocating for family reasons.
Year Established: 1985
Employees: 8 part-time
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