Pizza Restaurant in Popular Shopping Mall (#964-22016)

Pizza Restaurant in Popular Shopping Mall
Price: $100,000
Revenue: $341,914
Adjusted Cash Flow: $12,973
Location: Lee County, Florida

This offering is for a pizza shop founded in 1998.  The present owners purchased the business in 2012.   They successfully grew the pizzeria each year from 2012 to 2019 when their success allowed them to invest in new pizza ovens.  COVID-19 hit in 2020 shutting them down for an extended period of time and further reducing foot traffic through 2021.  Foot traffic, revenues, and profits are now beginning to rebound offering a new owner a great opportunity to buy at a significant discount in price.

The pizza shop's menu consists of starters, Italian sandwiches, salads, pasta, calzones, and, of course, a wide variety of pizzas by the pie or by the slice.  They have been consistently rated among the “Top Ten Pizza Restaurants" in their local community. 

The pizza shop operates out of 1,365 SF space in a shopping mall making it the perfect lunch, dinner, or snack stop for people shopping with their young families.  The space is available for rent at $5,118.75/month, plus 5.5% Florida Sales Tax, plus 4% of gross sales over $608,000, plus $233.34/month HVAC replacement fees through April 2027, plus CAM.  The lease expires on March 31, 2024, and has a three-year option to renew at specified rates.

Opportunities for growth include:  expanding evening hours (back to pre-COVID hours), adding delivery services, and sending mailers/coupons to local households.

Pizza Restaurant in Popular Shopping Mall
Eric Gall
(239) 738-6227