Established Pizza and Sports Bar Average Annual Owner Profit $205,000 !!!!

Price: $449,900

Location: Fairfield County

Industry: Pizza Sports Bar

Listing Category: Restaurants -- Limited Service

Listing ID: 80123

This Established Pizza and Sports Bar had an Average ANNUAL Owner Profit of $205,000 per year over the last 3 full years of operation (2017-2019) .  During 2020 due to COVID the Dinning Room (Inside Sit Down) was Closed from March 16th- May 20th (2 Months). In 2020 with Only 10 Months of full operation the Business Had an Owner Profit of $141,538 with Sales of $1,228,935 !!

In 2021 the business has bounced back and is on tract to deliver Sales and Owner Profits closer to its historical norms.  For the first 8 months of 2021 (Jan-Aug) Sales were $928,444 with an Owner Profit of $158,394 !!!

The business was established in 1996 and has had the Same Owner since it has opened (25 Years of Consistent Business)  !!

The Owner is now ready to Retire.

This Pizza and Sports Bar is located on a very busy road in a Stand Alone Building (Which is Leased) and is surrounded by apartments and single family homes (with a lot more being built).  Fantastic set up !  With a Full Bar having a D5, D6 Liquor License (Beer, Wine, Spirits with Sunday Sales) and a Inside Seating Capacity  approved by the city of 200 (Presently due to Covid set up to accommodate 132) and outside Patio seating for 12.  The Sports Bar has a great vibe with 16 TV”S and 1 Big Projections screen TV.  The seller estimates Dine in Sales of 40% and Delivery and Pick-up of 60%.  Easy Menu consisting of Pizza, Wings, Subs, Salads, Burgers,  Appetizers and Calzones, Bar has 6 Beers on Tap and offers Full Line of Bottled Beer and Mixed Drinks.

Another Great feature the Building is 6,000 sq Ft with the Kitchen and Dinning Room at 3,000 sq ft and a Full Basement at 3,000 sq ft consisting of Office and Dry Storage.

The TOTAL RENT IS ONLY $3,600 Per Month !!!  And the Rent Includes Water and Sewer !!  Does Not Get Much Better !!

Outstanding Opportunity to Own a Established (25 YEARS)  Pizza and Sports Bar !!!

 

Listing Details

Total Sales: $1,439,629

Cash Flow: $217,547

Inventory: $14,000

Terms and Conditions?:

No Seller Financing.

Reason For Sale:

Seller wants to Retire after being in Business for 25 Years.

Training & Support:

The owner will provide training to ensure a smooth transition to the new owner.

Operation

Year Established: 1996

Year of Last Acquisition: 1996

Days & Hours of Operation: Sun-Thurs 11 am-9 pm, Sat & Fri 11 am-10 pm

Employees: 6 FT 24 PT

Managers: 1 GM

Location

Lease Option: One (1) Five (5) Year Option to Renew

Monthly Rent: 3,600

Type of Location: Stand Alone

Square Footage: 6,000

Facilities Information:

Stand Alone (LEASED) building with ample parking. Great well maintained equipment long list includes a Double Deck Conveyor Pizza Oven, Conveyor Sandwich/Calzone Oven, 60 Qt Mixer, Walk-in Refrig, Walk In Beer Cooler, 7 POS Stations, Sound System, Security System with 16 Cameras. Lease Expires Feb28, 2025 with One 5 Year option to Renew which extends the lease to 2030.

Summary

Historical Summary:

Same owner Since business opened in 1996 25 Year of Consistent Business.

Sales 2021 (Jan-Aug) $928,444     Owner Profit $158,394

Sales 2020 (10 Months) $1,228,935  Owner Profit (10 Months) $141,538

Sales 2019 Annual $1,439,629   Owner Profit $217,547

Sales 2018 Annual $1,374,254  Owner Profit $191,885

Sales 2017 Annual $1,364,104  Owner Profit $207,670

 

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