Asking Price: $225,000

Gross Revenue: $215,000

Cash Flow: $38,000

Inventory: $3,500 (Not Included in Asking Price)

FF&E: $50,000 (Included in Asking Price)

Real Estate: $75,000 (Included in Asking Price)

Seller Financing: Bank will finance this with a person that has a good credit rating.

This is a business that has been in this community in the same family for the past 25 years. It is well run and has a good name. The best thing is that the owner only puts in 20 hours a week.

They do the usual pizza things, Pizza, Salads, Sheet Pizza, Calzones, and Sandwiches.

The hours of operation are Monday thru Saturday 4:00 PM to 11:00 PM, Sunday 4:00 PM to 10PM. The business is 60% carry out and 40% delivery.

The number of employees: there are no full time employees, there are 6 employees that work in the restaurant, and 6 employees that work as drivers. The drivers are not considered employees, they get paid the amount of the delivery charge. They charge $1.00 for delivery in the Avon Lake area, and $2.00 for delivery into Avon and Sheffield Lake. The delivery person gets all of that money for the delivery.

The business has consistently been doing gross sales of $215,000 per year. They own the real estate. The tax return’s show that they don’t pay themselves rental income. NOTE: The net income portrayed in the profile reflect’s an adjustment of the net income by subtracting $12,000.00 per year from that net. The net income has averaged between $38,000.00 to $50,000.00 per year over the last three years. During this time the cost of goods has been 36% to 40%. The cost of goods in the pizza business that does not have a Ribs and Chicken on the menu should be between 25% to 30%.

There is a Geppetto’s Pizza in the same center. They are the closest competition. They do have a strong presence in the community because they have a Johnny Malloy’s which is a sports bar as part of that franchise.

Community: The area is growing at a 10% annual growth. The income average is between $50,000.00 to $100,000.00 per household. Many new developments are apparently being built within a 2 mile radius. This constitutes a tremendous potential growth for the business.

The building has 1,600 sq, ft. and was built in 1961. The lot size is 7,405 sq. ft. and the taxes are $1,555.46 per year.

Year Established: 1982

Employees: 6 part time

Market Outlook and Competition: With the influx of new people and the growth in new homes the area is growing at a 10% a year clip.

Reason For Selling: Family Matters