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Accommodation & Food Services

Highly Profitable Pizza Restaurant Eastside

Kirkland, WA, USA
Listed 61 days ago
Established 1980

Highly profitable pizza restaurant on the Eastside now for sale. Just minutes to downtown Bellevue, Redmond, and Kirkland. This is a can’t-miss Eastside location. Established for over 35 years, it does over $1,500,000 in annual sales. And by the way, this pizza place is closed for 3 months out of the year. Just imagine an owner-operator seeing that this pizza place keeps rolling out the dough and pumping out the pizza pies all year long? (For all 12 months) Annual sales here could/ probably would be $2,000,000 or more. Now that’s a lot of pizza dough ($$$). Probably as good or BETTER than any other pizza place on the Eastside. Pizza, it’s an easy concept for a new owner to learn and transition into. All training and recipes the seller is willing to share. This business lends itself well to absentee or semi-absentee ownership. All you investors out there, are you taking notes? You’ve got a pizza gold mine available here. Some more good toppings for you to know about this pizza restaurant: it has a fully equipped kitchen, with walk-in refrigeration, a Type 1 hood system, and seating for 65 plus. Yes, it has its own parking lot and a well-known business name. This is NOT a franchise, so you, the new guy/gal, have the opportunity to put your own special twists on the menu or décor. You truly do not need to be a gourmet chef to make the BIG sales here. This is all set up for a new owner to come in and do great things from day one. Give us a call, as this business opportunity will draw a lot of attention. May God bless you and your loved ones in your business search.

Location

On the Eastside, just minutes from downtown Bellevue, Redmond, and Kirkland. This is a can’t-miss Eastside location. Established for over 35 years, it does over $1,500,000 in annual sales. This is a high-traffic location and is expected to remain a high-traffic location for the foreseeable future.

Employees

4 FT 1 PT

Lease Terms

The monthly lease would be negotiated; the seller is looking in the $8,300 -$9,000 price range for this high-traffic location, which is very reasonable. A long-term lease could be negotiated.

Real Estate

Lease

Trading Hours

Closed Sundays Mon-Wed 11 AM- 8 PM Thur-Saturday 11 AM - 9 PM

Leasehold Rent

$9,000 per annum

Planning Consent

N/A

Premises Details

Self-standing building, 2200 sq ft with seating for 65 plus. Has a Type 1 hood system and walk-in refrigeration in the kitchen. Has its own parking lot with more than 20 customer parking spaces.

Support & Training

Seller is willing to train the buyer on all aspects of this business, including recipes.

Expansion Potential

This pizza place is closed for 3 months out of the year and still doing $1.5 million in sales annually. Just imagine an owner-operator seeing that this pizza place keeps rolling out the dough and pumping out the pizza pies all year long? (For all 12 months) Annual sales here could/ probably be $2,000,000 or more.

Size In Square Feet

2,200

Competition / Market

This business is over 35 years established with the same owner and great name recognition. This customer base is long and winding throughout the entire eastside. Does $1,500,000 in annual sales with strong tangible potential to push $2,000,000 or more in sales annually. There are other pizza places on the eastside, but few, if any, that can compare to this location, sales, name recognition, and the positive tangible upside sales potential.

Living Accommodation

N/A

Inventory / Stock Value

$11,000

Reason for Selling

The seller wants to retire

Financials

Asking Price
$500K - $1M
RevenueMost Recent Year
$1.6M
Earnings (SDE)Last Reported
$250K - $500K
Assets ValueIncluded in Asking Price
$21K
Seller Financing
Not available

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