Pizza Shop In Beach Resort Area For Sale

$77,300

Business description

Great pizza and seafood shop that has been successful in the same location for over 30 years. It is located on the fringe of the Old Orchard Beach resort area. This restaurant has the advantage of the resort population and traffic without having to pay the heavy “beach rent”. The business is surrounded by motels and campgrounds. There is a loyal following of customers and lots of requests to stay open later. It would be great for a husband and wife team, excellent lease, all new equipment, and a business that can be run seasonally or year round. This business was purchased along with adjacent space in a planned expansion by another business. An additional 500 sf has been developed adjacent to this business that may be easily incorporated for expansion. Won’t last long. Inquire now.

Ed Larochelle Listing Agent

Ed Larochelle

office: (207) 774-7715
cell: (207) 939-2363

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  • Asking price $77,300
  • Cash flow $31,334
  • Gross Revenue $190,400
  • EBITDA N/A
  • FF&E $40,000 (Included in asking price)
  • Inventory $1,000
  • Lease Rate $1.69/SF/Month
  • Established N/A
  • Real Estate Leased
  • Building SF 650
  • Employees 1FT/4PT
  • Facilities Well laid out space with all newer equipment.
  • Competition Well know resort area on the beach.
  • Growth & Expansion A little marketing would go a long way. In particular, expanding the evening hours 2 - 3 hours would be profitable as there is large demand.
  • Support & Training 1 week
  • Reason For Selling Other business