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For Sale: Pizzeria - NY Style Takeout And Delivery - Redwood City

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Current Status: Active     Posting #: 253274     Last Refreshed: 5/16/19     BRE License #: 01183017    
Contact: Todd Moore At 650-988-1870 , 650-996-4520  -  Also Email This Contact Below
Price:  $195,000     Down:  $35,000     Adjusted Net:  $94,593     Revenue:  $492,933    
Business Address:  None Given     City:  Redwood City     Zip:  94062    
Attributes:  Financial Assistance, Training & Support, Owner Financing     Cooperation With Brokers?  Call
Redwood City Pizzeria - NY Style Takeout And Delivery Business For Sale Pizzeria - NY Style Takeout And Delivery Company For Sale

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For Best Results & Response, Email & Phone This Contact: Todd Moore at 650-988-1870 and 650-996-4520.

  Description About This Posting: Pizzeria - NY Style Takeout And Delivery
* S new owner must work full time as the manager to achieve the adjusted net profit stated below*

Highlights
Highly rated new york style thin crust pizza. Located in a neighborhood shopping center, with a corner location and high visibility, the store was built brand new from scratch just 7 years ago. The high sales generated from the smaller facility adds to the higher profitability. The neighborhood location provides an exclusive area without any competition to a high density of residents with few local options.

Products / services / customers
95% of sales are pizza. 40% is by-the-slice, the rest are full pizzas. The other 5% is calzones and salads. 20% is delivery; doordash is exclusive service. 70% take-out/pickup, 10% eat-in. No beer & wine(not the right location for this). Customers are nearly 100% local residents.

Marketing
Not much active marketing used. No coupons, other than square loyalty rewards. Yelp and google ads every once in a while. Google search optimizing to the facebook account was used to build their following in the beginning.

Competitive advantage
The pizza is one of the highest rated "authentic" ny style pizzas in the bay area. The recipe is from lombardi's- the first ny pizzeria that opened in 1905. True new yorkers are their greatest fans. The neighborhood location provides an exclusive area without any competition to a high density of residents with few local options.

Potential
Corporate delivery/catering. School lunch programs. Add desserts, those are an easy add-on sale for delivery!

Sellers role in operation
The owner works full-time in the business as the manager and in the kitchen making pizza.

Established: 7 years
Current owner: 3 years
Owners hours: 2
Operating hours: 11am-8:30pm: 7 days
Licenses: health dept (no beer & wine)

Seats: 8 inside / 10 outside
Facility size: 595 square feet
Rent - base: $2,440 per month
Rent - nnn: $267 per month
Rent increase: 3% per year
Expiration: 8/1/2021
Renew option: 5 years @ 95% of market rate

To get more information about this Pizzeria - NY Style Takeout And Delivery business for sale in Redwood City please phone Todd Moore (Broker - BRE License #:01183017) at 650-988-1870 and 650-996-4520 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #253274 on BizBen.com. In addition to phoning Todd Moore, make sure you email Todd Moore above to get more info about this Pizzeria - NY Style Takeout And Delivery, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

  Related Links And Information Regarding This Posting
Notes
My Posting Notes


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