Pizzeria Restaurant in Baltimore doing $1.1 Million Plus Annually

Description

Pizzeria and full-service restaurant for sale in Baltimore City, Maryland. The business is currently run on an absentee basis and serves breakfast, lunch and dinner.

Financials

• Annual sales: approximately $1.092 million
• Weekly sales: approximately $21,000 to $22,000
• Reported annual cash flow: approximately $160,000
• Manager and trained staff currently in place

The stated weekly sales are generally consistent with the reported annual revenue. Buyers should verify the figures through tax returns, POS reports and bank statements.

Menu

The restaurant has a broad menu that includes:

• New York-style and specialty pizzas
• Calzones and stromboli
• Baked pasta dishes
• Chicken, veal and seafood
• Burgers
• Philly-style, hot and cold subs
• Paninis and wraps
• Salads and soups
• Kids menu
• Desserts

The seller states that food is prepared in-house using fresh ingredients.

Operations

• Breakfast, lunch and dinner service
• Absentee ownership
• Existing manager
• Trained staff expected to remain after a sale
• Location in a dense residential and commercial area

Reason for sale

The owners are preparing for retirement.

Confidentiality

Prospective buyers must sign a non-disclosure agreement and provide photo identification and valid proof of funds before receiving the location or scheduling a showing.

The listing states that co-brokering is not permitted.

Due diligence

Buyers should verify historical financials, reported cash flow, lease terms, food and labor costs, manager compensation, employee retention, equipment ownership, delivery-platform fees, operating hours and any outstanding customer or vendor obligations before closing.