Jim Span, Business Broker, M&A
The Chase Group
Well Established Pizza Shop for Sale
Asking Price: $ 120,000
Location: San Diego North County
Down Payment: $ 75,000
Total Sales: $ 340,875
Discretionary Earnings: $ 54,150
*Inventory not included in asking price.
Well established pizza restaurant for sale having served the local community for over 20 years! Good Location with high visibility located in a busy strip mall. Prior to COVID, catering to businesses made up approximately 45% of sales and deliveries to households another 40%. Once businesses fully reopen and catering returns sales should increase back to 2019 levels of over $400k and SDE to over $100k.
The current owner introduced several efficiencies into the operation including improvements to the website and phone system that expedites the ordering process. Turnkey operation ready to go and easy to learn. Ideal opportunity for owner/operator or family run business. Solid Reputation and brand awareness as the business has several good online ratings.
This retail business is located in a busy strip mall along one of north county’s most popular corridors. The relatively small footprint “runs larger” as there is outdoor seating in the front patio area. Seats a total of 25 inside and out.
Competition / Market Info
Being located along a busy corridor, not unexpectedly there are other pizza restaurants within the general vicinity.
According to the owners there are various ways to drive an increase in sales to $700,000/year or higher and are outlined in the CIM (Confidential Information Memorandum).
2019 Financials: revenue = $415,449, Discretionary Earnings = $113,273.