Franchise Pizzeria in Desirable Eastside Location
Description
Acquire a well-established Eastside pizzeria located in one of the Puget Sound region’s most desirable and affluent communities, surrounded by thriving residential neighborhoods, major employers, excellent schools, and a vibrant mix of retail, dining, and entertainment. This approximately 2,700 SF restaurant is situated in a modern, attractive commercial building and enjoys outstanding visibility, a highly walkable setting, abundant free public parking, and seating for approximately 100 guests plus a large outdoor patio. Established in 2012, the business generates average annual gross revenue of approximately $900,000 with average Seller’s Discretionary Earnings of approximately $87,000 assuming an owner-operator. The facility is exceptionally well maintained, clean, and professionally managed, reflecting years of pride in ownership and providing an inviting atmosphere for customers and an easy transition for a new owner. The operation is fully staffed with four full-time employees, ten part-time employees, and an experienced manager in place, providing a strong foundation for a seamless ownership transition. The sale includes approximately $250,000 in furniture, fixtures, and equipment, with inventory valued at approximately $12,500 to be purchased separately. Offered at $199,000, financing may be available for qualified buyers. The current lease extends through August 2029, with extension terms to be negotiated with the landlord by the new owner, at approximately $8,350 per month plus NNN expenses. The restaurant holds a full spirits, beer, and wine liquor license. Training will be provided to ensure a smooth transition. The business currently operates as a franchise with proven operating systems and established brand recognition; however, the franchise agreement may be terminated without penalty, giving a buyer the flexibility to continue under the existing brand or transition to an independent concept.
Address
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Address King County
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Country United States
Overview
- Property ID 9467
- Price $199,000
- Property Type Business Opportunity
- Revenue $900,000
- Cash Flow $87,000
- Size and Seating ~2,700 SF Occupancy ~100 + Large outdoor patio
- Financing Yes
- Training Yes
- Furniture, Fixtures and Equipment $250,000
- Inventory $12,500
- Established: 2012
- Lease Rate: $8,350 plus NNN