Listing #: 1623
Location: Auburn, Maine
Description: Excellent opportunity to buy a very profitable Pizza shop with a variety store. This business has been trending upwards, on average, at 13% year over year for the past 3 years. Just last year the exterior and the interior of the building, including the kitchen, were completely renovated. The new HVAC system and the ovens run on Natural Gas; it is extremely efficient! They have their own proprietary recipe for their pizza sauce, make their own dough and shred their own cheese. Additionally, they have an extensive menu. This is a takeout business and they have thrived right through the Covid times. They also have the added revenue of the Variety store and sell both Beer, Wine and Lottery Tickets. This would be a great business for a motivated individual, or couple, to buy and earn a nice income well making an excellent investment. It would also be a great addition for an investor that has like stores and means of expanding.
Financial Information:
Yearly Gross: $1,700,000 (projected 2021)
Cash Flow / SDE: $300,000 (projected 2021)
Assets / FFE: $Included
Inventory: $Included
Real Estate: $450,000 RE or $3,000/mo. lease. NNN lease
Financing: Pending SBA Pre-Screen
Asking: $750,000.00 for the business and $1,200,000 with RE
Year Established: 2007
Facilities: 5,803 sq. ft.
Type of location: Residential area, stand-alone building with ample parking
Growth and Expansion: Sales are up significantly since 2020 renovation
Support/Training: Owner(s) will stay involved to 6 months for a smooth transition
Reason Selling: Owners wish to pursue other opportunities
Employees: 8 FT, 5 PT
Franchise: No Home-based: No Re-locatable: No
County: Androscoggin, Maine
For more information, please contact:
Company: ROI Corporation a BBANE Affiliate
Broker: Tom Boyd
Broker: Phone: 781-682-6209 ext. 269
Email: prospect@roibusinessbrokers.com
