Turnkey and Cash-flowing Pizza Restaurant

Central Lake, MI
Central Lake, MI
Central Lake, MI
Central Lake, MI
Central Lake, MICLICK TO VIEW ALL PHOTOS

Turnkey and Cash-flowing Pizza Restaurant

We have decided to list our pizza restaurant for sale, located right off Main Street in the heart of Central Lake, MI. It has corner lot visibility, a large yard that works great for outdoor dining, and lots of foot traffic. We pride ourselves in offering the area the best pizza, grinders, wings, and salads. The restaurant's theme is based on a classic 1950s diner. It has lots of retro memorabilia that comes with the business, including a retro jukebox and an extensive collection of model cars that are always on display. Everything needed to start operating immediately is included in the sale, such as a 60qt Hobart, walk-in cooler, walk-in freezer, 2 Lincoln Impinger ovens, 2 make lines, dough sheeter, fryer, three compartment sink, ice machine, fountain pop machine, all tables and chairs, and all small wares. We are selling because I will be relocating to take care of family. I am willing to stay on for up to 4 weeks after the sale to train and support the new owner with their transition into the business. This restaurant has a ton of growth potential, and the surrounding area is constantly growing. You could easily see a significant increase in sales by maintaining total operating hours, adding delivery, adding local marketing, adding catering services, and hosting community events.



Location

Country:

USA

State or Province:

MI

City:

Central Lake

Location Zip or Postal Code:

49622

Listing Information

Service Type:

Sit-Down Table Service, Counter Service/Fast Casual

Title of Listing:

Turnkey and Cash-flowing Pizza Restaurant

Year Established:

2004

Number of Locations:

1

Number of Seats:

Less than 50

Size:

1847, Square Feet

Patio:

Yes

Number of Employees:

Less than 10

Hours of Operation:

Current hours of operation: Wednesday: 11 AM - 8 PM Thursday: 11 AM - 8 PM Friday: 11 AM - 9 PM Saturday: 11 AM - 9 PM

Growth or Expansion Opportunities:

This restaurant has a ton of growth potential, and the surrounding area is constantly growing. You could easily see a significant increase in sales by maintaining total operating hours, adding delivery, adding local marketing, adding catering services, and hosting community events.

Reason for Selling:

Owner relocating to be closer to family

Owner Operated or Absentee Owner or Flexible:

Flexible

Training Provided:

Yes

Links

Link to Facebook Page:

https://www.facebook.com/ClassicPizzaCL

Link to TripAdvisor Review Page:

https://www.tripadvisor.com/Restaurant_Review-g42063-d4620480-Reviews-Classic_Pizza-Central_Lake_Antrim_County_Michigan.html

Financial Details

Asking Price:

$75,000

Gross Revenue:

$311,000

Gross Revenue Range:

Under $500,000

EBITDA (Earnings before Income, Taxes and Depreciation):

$N/A

EBITDA Range:

Under $100,000

SDE (Sellers Discretionary Earnings):

$36,662

SDE Range:

$100,000

FF&E Value (Furniture Fixtures and Equipment):

$80,000

FF&E Value (Furniture Fixtures and Equipment) included in price:

Yes

Inventory Estimated Value:

$4000

Inventory Value included in price?:

Yes

Vendor Financing Available:

Yes

Asset or Share Sale:

Share Sale

Real Estate Owned or Leased:

Leased

Lease Term Remaining:

Until 2031

Total Monthly Rent:

$1,649 per Month

Financial Comments (include any Financing information that may be useful):

Willing to provide owner financing for the right buyer.

Contact Listing Owner