Long establhed Pizza in Delaware County PA

Pizzeria Restaurant located in most affluent area of Delaware County, PA and in an active commercial area with various successful businesses. The business projected 2018 gross income is approximately $760,000. This Pizzeria is located at a highly active county road with lots of drive by vehicles . The facility consists of 1,100 square feet with a fully equipped commercial kitchen, a walk up counter for fast food service and appropriate seating for 16 person. This business running with same owner from last 18 years with a solid customer base and 55% of the income represents delivery service. This particular business has three full time and 11 part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $18,000. The business has an assignable commercial lease which expires 2024, plus additional five year options, with a monthly rent of $2400, and rent security of $2500. The business has been valued at $350,000 and this sale is based on a multiple of the net yearly income along with the value of the assets.This is a wonderful business opportunity. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only.
 
Geography: State:Pennsylvania  County:
Asking Price: $350,000
Cash Flow: $210,000
Down Payment: $350,000
Franchise: -
Reason for Selling: Want to change Carrier
Re Inc.: No

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