PIzzeria and Italian Restaurant with Real Estate Included

Financial Information

  • Asking Price: $680,000
  • Gross Revenue: $1,241,935
  • Cash Flow: $120,000
  • Down Payment: ON REQUEST
  • FF&E (Not Included): ON REQUEST
  • Inventory: N/A
  • Financing: No

Business Location

  • Lee
  • Lee County
  • North Carolina
Primary Business Category: Food Services and Drinking Places

Iconic Pizzeria in the market is available for a 50% acquisition. One partner is interested in retiring even when the restaurant is doing exceptionally well.post COVID. This location is the go to Italian restaurant and has been been in the area for 19 years. and bought the building 10 years ago. Area is experiencing growth with the mall next door getting converted to a 150 room apartment. Staff is solid and all W2 with several managers. Building was appraised in 2017 for $1,2M with business valued at $180k. For more information please contact Shanon Madrid at [email protected] of 919-858-6853 ext 1

Competition Description

3 traditional Pizza parlors but no combination Pizza and Full Italian.

Growth / Expansion overview

Area continues to grow and business has solid reviews at 4.2

Support / Training Comments

Second manager will remain in place.

Financing Comments

This is a 50% sale of the pizzeria and the real estate. SDE presented is 50% for exiting partner.

Reason For Sale
Dissolution of Partnership
  • Home Based: No
  • Year Established: 2001
  • Franchise: No
  • Year Acquired: 2001
  • Willing to Train: Yes
  • Relocatable: Yes
  • Required Licences: Liquor and Business

  • Is Property Leased: No
  • Real Estate Available: Yes
  • Real Estate Included: Yes
  • Real Estate Value: $1,100,000
  • Real Estate Asking: $500,000
  • Days Open: Monday- Thursday
  • Hours Open: 11:00-10:00
  • Fulltime Employees: 24
  • Part time Employees: N/A
  • Is Management Staying: Yes
  • Distressed: No
  • Monthly Payroll: $0
  • Building Size: 5,000 sq ft
  • Seats: 150
  • Parking: Ample
  • Monthly Rent: N/A
  • Lease Miscellaneous: 50% equity in building

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Business Listed by

Sunbelt Durham

Contact: Shanon Madrid
Office Phone: 919-624-9275
Mobile Phone: 919-624-9275
Listing ID: DURHANC001-N85

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