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Pizza Restaurant For Sale - Riverside, California

Ad/Listing Information
Contact Information
 
Status: Available
Location: Riverside
County: Riverside
City: Riverside
Contact Agent:  Tom Van Gilder
Primary Phone:  714-328-4064
Alternate Phone:  None Given
DRE Number:  01839715
Email Address:  Email Advertiser
Date Started:  3/25/12
Date Last Revised:   5/8/12
BizBen Ad #:  175689
 
 
Financial Information Detailed Information
 
Price:      $85,000
Down:      $85,000
Revenue:      $350,000
Adj. Net:      $75,000
Relocatable:      No
Home Based:      No
Real Estate Included:      No
Bkr To Bkr Coop:      Call
Franchise:      No
For Sale By Owner:      No
Asset Sale:      No
Lifestyle:      No

Description Of This Riverside Pizza Restaurant Business For Sale:

Next to UCR with Rapidly Growing Sales / Suitable for Absentee Owner.

This profitable Riverside County pizza restaurant was established in 2010 and has a reputation for serving great tasting pizza, sandwiches, wings, salads and appetizers. The business is located next to the university campus and a student apartment building housing up to 1,000 students and is located on a busy high traffic street. Restaurant sales are generated in a stylish limited-service dining room, on the patio, carry-out, catering and delivery. Sales continue growing at 15% in 2012 over prior year. About 40% of the business is from university students, faculty and employees and 60% from local businesses and residents. Beer and wine are sold here. This restaurant has a fully equipped kitchen featuring: Large exhaust hood, two large conveyor pizza ovens, stainless steel pizza station, stainless steel sandwich station, dough maker, dough sheeter, walk-in refrigerator, walk-in freezer, ice machine, TVs, 6-tap draft beer system, POS system and more. Inside seating for 36-40 people and patio space seating 10-12. This is an ideal business for a part-time owner, absentee owner, an owner-operator or as a family run operation. SDE/owner cash flow is based on one owner working at the business part-time. It would likely cost 250K - 400K to duplicate this operation with improvements, fixtures, furniture and equipment in a new location. The owners are selling to dissolve their partnership. Owner might offer financing for a well-qualified buyer.

Competition / Market Information
The market is competitive, but the business has advantage of a great location and good reputation with UCR students and faculty and the local community.

Growth Opportunities
The business can grow through additional networking, advertising and a working owner.

Assets: 45,000 (included)
Inventory: 1,300 ( included)
Real Estate: N/A (not included)
Established: 2010
Facility: 1800 sq. ft.
Lease: 3,240 per month
Expires: 2015 (plus one option)
Financing: Owner might offer limited financing for a well-qualified buyer
Down Payment:85,000
Training: 2 weeks @ 40 hours / week.
Call Tom Van Gilder (Agent) at 714-328-4064  (Please Mention You Saw This Ad On BizBen) About This Pizza Restaurant Business Opportunity For Sale in Riverside.


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