Asking Price: $275,000 Furniture / Fixtures included
Sales Revenue: $500K – $1M
Cash Flow: $100K – $250K
This local pizza restaurant has a phenomenal 39 year history in the same location, with the same owner, and is one of Colorado Springs oldest independently owned and operated Pizzerias. Due to health reasons, in 2019 the owner decided to scale back the business to a seasonal format and shorten daily hours of operation from 76 to 52 hours per week. In 2021 they were open only 32 weeks and still made well over $100,000.00 owners discretionary income. In fact in the 3 years since the change in format, and even with Covid related issues the business has consistently made over $100,000.00 in income each season.
The center where the shop is located was recently purchased and the new owners will require all businesses in the center to be open year-round. Therefore, the owner decided to sell the business and retire. A new owner would be required to keep the store open 12 months out of the year. But, this would also significantly increase revenues and profits. Typically, there is a lot of pizza sold during the winter months and especially during football season. There is also the opportunity to easily expand daily business hours back to 76 hours per week. A new owner would have the ability to earn well over $200,000.00 annually.
Their pizza selection is varied and has many choices. Not only do they provide pizza, they also provide other Italian delicacies such as Stromboli, Chicken Parmigiana Fettucine Alfredo, Spaghetti, and a variety of popular appetizers. Customers have said that this is the best pizza they have ever eaten, and with hundreds of 5 star reviews on Google and Yelp this is one of the highest rated Pizza Restaurants in Colorado Springs.
The store hours make this opportunity more attractive as the shop does not open until 4:00 PM every weekday. They open at Noon on Saturdays and at 11:00 AM on Sundays. They close at 10:00 PM every night except Friday and Saturdays when they are open until 11:00 PM. And since this business is not a sit-down store, there are no servers to hire and employ; only pizza makers, clerks, and drivers. If a new owner desired business hours could easily be expanded by opening for lunch on weekdays.
Lease Terms: Assumption possible
Leasehold Rent: $15,000 per annum
Location: Shopping center located in north-central colorado springs
Premises Details: 686 square feet
Size in square feet: 686
Expansion Potential: Revenueus shown are based on a 12 month operating schedule
Competition / Market: Several
Reasons for selling: Retirement
Trading hours: 4 pm to 10 pm. Weekends are open at noon
Years established: 1989
Franchise Information / Franchise opportunity: Franchise Resale
Franchise terms: 4% royalty. Very easy to work with.
Support & training: 30 days
Furniture / Fixtures value: $50,000 – included in the asking price
Inventory / Stock value: $4,000