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Established Family Pizza Restaurant

#26802
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Jeannette026-FINAL 4 LIGHT GRAY

Jeannette Engel
Union Bay Group
(206) 783-1717

Business Overview

This listing is for a top-notch family pizza restaurant and bar located in north/central Illinois that is available to a qualified buyer. The restaurant has been an established and popular fixture in their community for over 20 years specializing in delicious pizza, calzones, sandwiches and local specialty dishes. The business has terrific reputation for their great food and home recipes all available for sit-down dining, delivery or take-out. The sellers are looking to retire and a young buyer with fresh ideas can grow this business even further. The current owners are unable to dedicate the necessary time to the business. Thanks to the take-out and delivery options, their business remained strong during the pandemic. There are also vendor amusement games on-site that bring in around $10,000 additional revenues yearly. In addition, there is a full bar separate from the main dining room that makes for a fantastic lounge and meeting place for local guests. Approximately $199,000 in asset value is to be transferred with the sale of the business. Primarily, this is their real estate which is included in the asking price and valued at $170,000. The main dining room seats 44 customers while the bar seats an additional 22. If you would like more information about this business, or if you would like to schedule a site visit, please respond to this listing online or by phone. Online inquiries will be replied to with an email from an @marvingroupllc.com address with a required NDA attached. These can sometimes get filtered into junk/spam folders. If you do not hear back from us with 24 hours, please contact us by phone.

Listing Details

  • SIC

    58

  • Price

    $250,000

  • Downpayment

    N/A

  • Adjusted Net

    $56,148

  • Annual Sales

    $138,407

  • Area

    Eastern Midwest (OH, IN, KY, MI, IL)

Relocatable

Home Based

Franchise

Lender Pre-Qualified

  • A/R

    N/A

  • Inventory

    $6,000

  • FF&E

    $23,000

  • Leasehold

    N/A

  • Vehicles

    N/A

  • Real Estate

    $170,000

  • Other Assets

    N/A

  • Total Assets

    N/A

  • Included

    N/A

  • Current Liabilities

    N/A

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