Tripadvisor top 10 pizzeria with great location for Owner/Operator!

Description

Operating in downtown Gulfport since 2013, this pizzeria has built a steady local following around its menu and central location. The 1,850-square-foot restaurant sits within walking distance of casinos, the Mississippi Aquarium, Jones Park, and the Amtrak station, bringing in both local customers and visitors moving through the downtown area.

Financial Information

• Annual revenue: $752,000
• Cash flow (SDE): $195,000
• Asking price: $400,000
• Furniture, fixtures, and equipment: $20,000
• Inventory: $6,000

Downtown Gulfport Location

The restaurant is positioned in an active entertainment area with nearby restaurants, a comedy club, a daiquiri bar, and a brewery. The closest competing pizza restaurant is about two blocks away, while several major downtown attractions help generate regular pedestrian traffic around the property.

Additional residential development is also underway nearby. A five-story apartment building with 135 units is being constructed within roughly 300 yards of the restaurant, adding more housing within walking distance of the business.

Current Operations

The pizzeria is currently open Tuesday through Saturday from 11:00 AM to 7:30 PM. It has operated from the area for more than 13 years and has an existing base of walk-in customers. The current lease runs through July 2029 at $4,150 per month.

• 1,850-square-foot restaurant
• Five-day operating schedule
• Current hours of 11:00 AM to 7:30 PM
• Lease in place through July 2029
• Monthly rent of $4,150
• Owner-operated business

Ways to Expand the Current Operation

The existing schedule leaves several periods when the restaurant is closed, including two full days each week and later evening hours. Opening a sixth or seventh day or keeping the kitchen open later would allow the business to serve customers beyond its current schedule without requiring a change to the core concept.

Delivery is another revenue channel that has not yet been fully developed. The nearby apartment project may also increase the number of residents living within a short distance of the restaurant once construction is completed.

• Add one or two operating days each week
• Extend service into later evening hours
• Introduce or expand delivery
• Build sales from the growing residential population nearby

Sale and Transition

The owners are selling as they prepare to retire. They will provide 30 days of training as part of the transaction, with additional training available by agreement if needed. Seller financing may also be available to qualified buyers.

The sale offers an operating Gulfport pizzeria with more than a decade of history, existing cash flow, and a downtown location surrounded by tourism, entertainment, and new residential development.