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Profitable, home-style pizzeria and Italian restaurant. Featuring pizza, strombolis, wings, subs and more. Lucrative turnkey business. Loyal patrons; delicious recipes; excellent high-visibility location; ample parking. Located in high-traffic strip mall anchored by a well-know, successful, chain supermarket. Fully equipped pizza & sub restaurant business for sale (business only). Stellar reputation for quality and service - dine-in, take-out, and delivery. Consistent financials with room for growth. Owner is willing to work side-by-side with you for the first couple of months to help provide valuable insights into the business operations, customer base, and strategies for continued success and new growth. Acquisition Rationale Includes: * High percentage of regular, repeat customers; Strong walk-in business due to strip mall traffic. * Good social media presence. * Furniture, Fixtures, & Equipment (FF&E) included in price. * Owner selling to retire. Reasonable seller expectations for the sale price and transaction. * All proprietary recipes written and included with purchase. * Tenured employees who can provide operational knowledge, uninterrupted connection to community and customers, and consistency in the quality service expected by the many repeat patrons. Vital Stats: * REDUCED Offering Price: $179,500 Plus Inventory. Includes FFE and All Equipment * Total Revenue 2023: $598,000 * Adjusted Cash Flow: $90,000 (2021-2024 Weighted Average) * Employees: 1 Manager; 4 Full-Time; 11 Part-Time * Location: Berks County, PA * Facilities: Leased; Owner agreeable to transfer * Parking: On premise, public parking lot with ample spaces * Hours: Tuesday - Sunday: 11:00am - 9:00pm
| DAYS ON MARKET | 175 | LAST UPDATED | 8/23/2024 |
|---|---|---|---|
| YEAR BUILT | 1970 | COMMUNITY | Reading City (10201) |
| COUNTY | BERKS | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Jul 17, '24 | $179,500 |
|---|---|
| Jul 17, '24 - Aug 16, '24 | $169,900 |
| Aug 16, '24 - Aug 23, '24 | $139,900 |
| Aug 23, '24 - Today | $129,900 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Reading City (10201) |
| CONSTRUCTION | Brick, Brick Veneer |
| LOT DESCRIPTION | Corner Lot |
| STORIES | 1 |
| UTILITIES | Cable Available, Propane |
| VIEW | Yes |
| VIEW DESCRIPTION | Street |
| WATER | Public |
| ZONING | Restaurant business is a permitted use. |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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