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#4188
Wilmington

Well-Located University Location Pizza Restaurant (with Beer) For Sale

$38,000
Sold
Well-Located University Location Pizza Restaurant (with Beer) For Sale
This Listing is Sold

This bright, clean, spacious, well-equipped independent Pizza restaurant has generated a positive bottom line for the Owner.

All the fundamentals are nicely set:

   - established brand and clientele

   - large university in close proximity

   - seasonal beach visitors (dine-in or take-out)

   - the free-standing building is highly visible and fronts directly on one of the city’s busiest roads that leads to the university and beaches.

   - plenty of easy parking.

   - beer license already in place.

The premises have 2,400 conditioned sqft and appear to be in good condition with walk-in freezer and refrigerator.

Owner reports that the landlord has been very co-operative and is supportive that the business is presently listed for sale. We therefore believe that acceptable lease terms could be established for a qualified purchaser of this business.

The Owner will remain for a period to assist the Purchaser in transition and if necessary, may also offer some limited Seller financing to a qualified Purchaser.

For those potentially interested Buyers not familiar with the region, this location has been consistently regarded as one of the most desirable places to live in the United States.

PRICE DRASTICALLY REDUCED FOR IMMEDIATE SALE!

NOTE: the message sign, dishwasher and beer cooler are under 3rd party lease; a buyout is available if Purchaser prefers. Call Broker for particulars.   

Go to SellingRestaurants.com to get the name and address of this business. 

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Wilmington
Lease Term:
Expires Dec 2015 + 1 Five-Year Option
Total Monthly Rent:
$3,200
Security Deposit:
$3,000

Operations

Liquor License:
beer
# of Part-Time Employees:
4
# of Working Owners:
2
Hours Open:
Opens 11:30am and Closes 1:30am
Year Established:
2011
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
70
# of Parking Spots:
approximately 40
Inside Sq. Ft.:
2400

Highlights

  • Profitable Pizza Restaurant
  • dine in/carry-out/delivery
  • free-standing building
  • close to large university
  • beach lifestyle
  • fully-equipped
  • turnkey
  • established
  • beer license
  • price reduced

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
This Listing is Sold

Demographics

Population 3-mi. 5-mi
2014 Total Population 36,517 72,541
Households 3-mi. 5-mi
2010 Number Of Households 15,800 29,447
2010 Persons Per Household 2.03 2.15
Median House Value $237,800 $241,998
Income Per Household $34,356 $43,043
Businesses 3-mi. 5-mi
2009 Number Of Businesses 2,031 3,457
2012 Number Of Employees 55,626 94,284
2012 Total Annual Payroll $884,296,000 $1,623,280,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.


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