Pizza & Italian Restaurant For Sale – 50% Ownership – Lee County, North Carolina
Pizza & Italian Restaurant for sale in the Lee County, North Carolina area for $330,000! Established business opportunity, currently grossing an estimated $1,164,731 and nets $63,377. Income based on an owner/operator role. Current co-owner will stay in 50% partnership with the new buyer. Includes all kitchen equipment and restaurant fixtures. Turnkey business with a loyal customer base and a great reputation and online reviews . Located in a standalone building in a busy shopping center near department stores, other retail stores, nail salon, and more. Restaurant currently offers an Italian and gourmet pizza menu for dine-in and take out. Plenty of growth opportunity for this business!
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $1,164,731.
How does the restaurant profit?
Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant?
There is no seller financing available. However, if financing is needed for startup cost, you can review Financing Options Here.
What are my expenses and overhead for a restaurant business?
Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, taxes, workers compensation, repairs and maintenance, supplies, food, utilities, property rental fees, bank charges, advertising, accounting, laundry and cleaning, garbage services, employee tips, permits and licenses, phone, and insurance.
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
Is the restaurant property owned or leased?
Currently the owners own the property. New owner must work out lease terms with the current owners. Note: New buyer will negotiate and sign lease terms with the property owner.
Where is the restaurant located?
This restaurant is located in the Lee County, North Carolina area. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
Current list of equipment includes: pizza ovens, refrigerators, freezers, ice machine, dishwasher, sink, prep tables, refrigerated work table, fryer, flat top grill, stove, beer cooler, televisions, tables and chairs, kitchenware, and much more!
What is the size and how many customers can this restaurant seat?
The restaurant is 5000 sq.ft and can seat approximately 175 inside.
Does this restaurant currently have a beer or liquor license?
Yes, there is a beer and liquor license included with this sale.
Does this restaurant offer drive-thru or delivery service?
There is no drive-thru and currently no delivery service.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 22 years.
Why is the owner selling?
Owner is pursuing other business opportunities.
What are the hours of operation?
This restaurant is open from 11am – 10pm Monday to Saturday and 12pm – 10pm Sunday.
What type of neighboring businesses are in the area?
Neighboring businesses include department stores, other retail stores, and a nail salon.
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
Established Pizza & Italian restaurant in a great location! Move in ready. Restaurant has a loyal customer base. Includes the cost of all equipment. Huge opportunity to increase revenue. Priced at $330,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer’s duty and obligation to verify the accuracy of the Seller’s representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.
Pizza & Italian Restaurant
North Carolina Lee County North Carolina United States