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  • Listing No.: 200-00063

  • Category: Food - Pizza, Food - Restaurant

Asking Price $240,000
Down Payment
Gross Revenue $366,876
Total Adjusted Net Income $161,463
Equipment / Fixtures $40,000
Year Established 1988
General Location
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This full service pizza restaurant has been in the same location for over 30 years in growing part of Chesapeake.   The owner works very reasonable hours and manager/cook in place to run the day to day.   There are good financial records in place that show consistent revenue and cash flow year over year.  The location is on a well known and major road, a busy strip plaza, a reasonable lease, and close to neighborhoods and apartments.  A new owner could add delivery options and more alcohol options to continue to grow the business.   

Gross Revenue $366,876 Listed Price $240,000
Total Income $161,463 Down Payment
Base Rent $2,271 Square Feet 2000
Total Rent $2,970 Lease Expiration 06/2022
Rent Deposit Lease Options 1 3 year opt
Inventory $1,500 Leasehold Improvements $15,000
Equipment / Fixtures $40,000 Other Assets
Full-Time Employees 2 Training Period 2 weeks
Part-Time Employees 4 Special License Required ABC Liscense - Beer on premises
Contract Staff Reason for Selling Retirement

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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