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1031 – Restaurant Priced Well Below Replacement Value – REDUCED TO $45,000

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This is a very shiny, relatively new pizza restaurant surrounded by upscale neighborhoods. The business includes dine-in customers, pick up and delivery. There’s a gorgeous, Italian natural-gas forno oven in the center of the restaurant (cost $95,000 to buy and install).  The owner has other businesses and is “spread too thin”. This is an ideal opportunity for a hands-on owner/operator who is connected with social media. Priced WELL BELOW replacement value.

Sales: Gross sales: $17,000 – $18,000 per month

Size in sq. ft. 902 sq. ft.

No. of Seats: 30

Number of parking stalls: Lots of parking

Financing: Treat as clear title

Style of cuisine: Specializing in pizza

Customer Demographics: Locals; lots of regulars from upscale surrounding neighborhoods

Type of service: Counter

Hours of operation:
Noon – 8 pm; in summer open 7 days a week

Number of employees: 1 full-time and 2 part-time

Leasing information:

Rate per sq. ft. $5,500 monthly rent which includes rent, water, CAM and GST.
C.A.M. Included in above monthly amount
Lease Term: 1 year of a 5-year term left             Option periods: One 5-year option
Deposit held by Lessor: To be verified

 


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