Type: Active Restaurant
Frankford Ave
Selling Price: $ 295,000 Featured: No
More Information
Gross Revenue: 830000
Gross Revenue Comments: If you are looking for a great pizza shop with low expenses in a good location this is it. This shop produces over $16,0000 in sales per week out of 1100 sq. ft. Sales are a good mix of lunch and diner. Most of the business is take out or delivery. The shop is currently run absentee. A working owner could push sales and cut labor and expenses. This shop has won "Best of Philly" and has been around for over 38 years. To top it off the current owner will finance 50% of the price to a qualified buyer.
Inventory: 5000 and not included in price.
Cash Flow Comments: This location is a very busy area with many pizza shops but this shop has been voted 4 time best of philly winner. The current owner does no real advertising except menu mailings.
FF&E: 100000
Seller Financing: Yes, Up to 50%
Year Established: 2006
Employees: 5
Franchise: No
Facilities: 1100 sq. ft store located on busy street in good residential area of NE Philly. All equipment is 1.5 years old and store was renovated then. Rent is only 1700/mo with long term lease
Reason for Selling: Pursue other ventures.