Business Summary:
Great mom and pop pizza restaurant in south Houston. Owner asking $160,000 and will finance $40,000 with $120,000 down (firm) and 4% interest for the note payable in 7 years - or receive a huge discount for paying cash and sell price would be $145,000. Current manager on board can stay if new owner interested or new owner can work the business themselves.
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Year
Business was Established: 2016 |
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Number of Employees:
1FT/6 - 9PT |
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Facilities / Terms of Lease:
3 years and 8 months on lease remaining |
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Potential
Growth/Expansion:
Growth plans include menu changes, direct mail advertising, add more social media outlets and sell retail pizza sauce using current recipe and produced inventory. Restaurant has been recently remodeled to gain a great look. |
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Competition:
major chain franchise is about 1 mile away |
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Owner
willing to finance:
Minimum down payment of $120,000 and owner carry back second of $40,000 at 4% interest for 7 years |
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Owner
willing to train:
Will train for three weeks and manager will train as well. |
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Reason for selling:
Owner health issues and retirement |
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Seller Reference Number: bm1267762305
BusinessMart.com Listing Number: 276014 |
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