Buy this Pizzeria for Sale in Palm Beach County with earnings of $351,000. Consistent Sales and Profits year over year makes this a home run. Qualifies for SBA lending with 20% down. Seller will finance with 60% down, 48 months at 10% interest.
This Pizzeria for Sale
in Boca Raton has been serving Palm Beach County for seven years under continuous ownership. The brand has been a mainstay of the South Florida community for more than 25 years. The restaurant for sale is in one of the most desirable communities in all of South Florida. Surrounded by residential communities, shopping plazas, a major hospital, and medical facilities this restaurant for sale has had steady sales and profits year over year. The local communities include gated luxury residencies, active senior communities, and family friendly residencies. Loyal customers and long-term employees have enabled this business to achieve annual sales of more than $1,350,000 and earnings of more than $351,000 annually. The restaurant is open daily from 11 am – 9 pm. All delivery are done in-house, and NO THIRD-PARTY DELIVERY SERVICES are utilized.
The restaurant had sales of $1,379,724 in 2022. An owner operator would net $351,000 annually. The current owner handles administrative responsibilities. There are 20 staff members. Most of the business is take-out and delivery. In house dining only accounts for 25% of the business. The restaurant does not utilize any third-party delivery services. All delivery is handled by the eight drivers currently on staff. Add third party delivery services to increase sales and profits. The restaurant has not developed a strong catering clientele. There is a hospital and medical facilities within 500 yards of the restaurant. The upside potential is huge. The seller has offered seller financing to qualified candidates. The restaurant will also qualify for SBA lending. You will need to put 20% down.
The restaurant for sale operates under a licensing agreement. Under the agreement to use the name you must pay $300 per week, that is it. By paying this fee you can continue to operate under the brand name and purchase food though its buying program. This brand has more than 25 years of goodwill built up in South Florida. The food savings on a weekly basis make up the $300 weekly licensing fee. There are certain food items that must be purchased to keep the brands standards in line.
The popular pizza and Italian restaurant for sale offered by the restaurant brokers
occupies approximately 2,200 square feet and seats 50 guests inside. Another 10 guests can be accommodated outside. The community plaza is anchored by a big box retailer and a grocery store. The center is very popular. It serves the many gated and non-gated communities that are within just a few miles away. The very busy and highly commercial north-south road that this successful restaurant sits on has traffic counts more than 50,000 vehicles per day. The three-mile radius population is 95,450 residents with a household income more than $84,172. The very reasonable rent is only $4,792 per month including all CAMS and taxes.
The fully equipped commercial kitchen has everything you need to operate this pizza and Italian restaurant for sale. The exhaust hood is 11 feet long and the grease trap is inground. Kitchen equipment includes double stacked pizza oven Hobart 60 quart dough mixer, convection oven, eight eye burner, two fryers, char broiler, walk-in cooler, walk-in freezer, and so much more.. This restaurant for sale is set up for high volume. The front of house seats 50 guests and outside another 10 can be accommodate.
All menu items are freshly prepared. Pizza is the star, pick a specialty pie or create your own. The dough is mixed on site and the sauce is homemade. Veal, Chicken and Pasta dishes are all featured. Salads, Subs, and Soups are also available. All recipes will transfer, and the dedicated staff will remain. The owner will train for two weeks at no cost to insure a smooth transition of ownership.
In order to obtain the name and address of this opportunity you will need to sign the electronic confidentiality agreement and show proof of funds. Proof of funds can be shown with a recent bank or financial institutional statement with all account numbers crossed out. We will need to see a minimum of $250,000 in liquid funds prior to producing name, address, and all pertinent information.
This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval.
The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios.
The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise.
The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.
Please click on the tab below to easily acknowledge confidentiality on this Pizza restaurant for sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Ken Eisenband at (561) 350-3365
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