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