Established Traditional Italian Pizzeria and Restaurant for Sale in Port Elizabeth
Business Description:
Located in Port Elizabeth this business specializes in traditional Italian food and Pizza that offers affordable, high quality Italian cuisine inspired by authentic family recipes.
The business was started by the Seller and his wife about 3 years ago and has been with them since its inception.
All their food items are made fresh daily with their traditional Italian Pizza’s being a firm favorite with their customers.
The business is in a well-known upmarket area of Port Elizabeth which is also an established business hub from which the business benefits greatly.
One of the key areas of focus by the Sellers is to give their guests a little piece of Italy every time they pop in for a meal.
The business operates from a 59m2 indoor sit-down area and a 27m2 outside area.
The business has a transferable liquor license.
All the business’s Assets are Included in the Asking Price, but Stock on Hand is Excluded from the Asking Price.
Due to health complications the Seller has been placed in the unfortunate position of now having to sell their little piece of Italy.
The health complications of the Seller have affected the business financial performance in the past year, but the business is making a profit.
Profitable, Established and priced to sell this business is perfectly suited to a hands-on person with knowledge of traditional Italian cuisine and who is seeking to “Mama Mia” a solid future for themselves.
Annual Turnover:
R1 300 486 (Fin 2023)
Operating Net Profit (EBITDA):
+- R190 723 (Fin 2023)
ROI:
+-20%
Asset Value:
+-R200 00 (Included in the asking price
Current Stock on hand:
+- R40 000 (Not included in the Asking Price)
Rental per Month:
+-R14 600 per month (Landlord approval may be required of the new owner)
Vat registered:
Yes
Liquor License:
Transferable
Growth Potential:
Growth prospects include expanding the restaurant into other areas of Port Elizabeth, more aggressive online marketing and slight changes to the Pizza menu by adding a South African flavor / preference.
MORE DETAILED FINANCIAL INFORMATION IS AVAILABLE BUT WILL ONLY BE PROVIDED TO SERIOUS QUALIFIED BUYERS AT A TABLE TOP MEETING AND ON COMPLETION OF A NON DISCLOSURE AGREEMENT
Business Type
Traditional Italian Pizzeria and Restaurant
Asking Price
R550 000
PROVINCE
CITY
Port Elizabeth
Premises:
Leased (59m2 indoor sit-down area and a 27m2 outside area.
Trading Hours:
Thur to Sat: 12h00 to 21h30 Sun: 16h00 to 20h00 Mon: Closed
Staff Compliment:
2x permanent employees (excluding the Seller and his wife)
Buyer Profile:
This business will suit a husband-and-wife team / family or another similar type of business that is looking to expand their current business operations or a person / entrepreneur with the knowledge of traditional Italian cooking and who is looking for their own established little “Slice of Italy”.
Full training and support will be provided by the seller to the new owner.
Reason for selling:
Health / Emigration