This successful pizzeria was established in 2014 and operates in 2620 square feet of leased space in St. Petersburg, Florida. The shopping center has many national retailers driving heavy foot traffic to the plaza. They enjoy an incredibly low retail rental rate of $12.95 per SF per year. The business currently has 8 full-time employee equivalents which includes the two owner/operators. The lease has 1 year and 4 months remaining, and the owners are confident a new lease would be available to the buyer if desired. The state of the pizza industry is strong, and studies suggest that 83% of consumers eat pizza at least once a month. This pizzeria's 2020 numbers are solid and just slightly under 2019 revenues year to date. Business is thriving despite the pandemic given the majority of their business is carry out and delivery. The pizzeria's annual revenues averaged $497,000 in 2018 and 2019 with profit margins averaging 7.1% over the same time frame, beating the industry average of 5%. The owner cash flow benefit in 2019 was just under $98,000. Their reviews are incredible and frequently boast about their superb and friendly customer service, cleanliness of the restaurant and of course their delicious food! To top it off their books are squeaky clean making this opportunity a quick and easy analysis for a seasoned pizza or other restaurant operator. Contact Kori Billings CCIM with Bridgewater Commercial Real Estate today to sign the Confidentiality Agreement to learn the location and review the financials and asset details for this fantastic business opportunity!
SALE TYPEOwner User
BLDG TYPEMulti-Tenant
CLASSC
STATUSExisting
YEAR BUILT1956
STORIES1
Offering Dine In, Carry Out & Delivery
2019 Revenues: $487,000 ~ 2019 Cash Flow: $98,000
Operating in 2620 SF of Modern Clean Leased Space
Located in a High Foot Traffic Shopping Center
$3K Monthly Rent Payment ($12.95 per SF per year)
1.5 Years Remaining on Lease - New Lease Likely for Buyer
6 Years in Current Location & > 300 Google Reviews ~ 4.2/5.0 Stars
Furniture, Fixtures & Equipment: $23K ~ Build Out Investment: $25K
Average of 42,000 Vehicles per Day pass the Pizzeria
Delivery Area Includes 123K Residents in 54K Households
Delivery Area Includes 61,000 Daytime Workers
Owner willing to stay 30 days to Train
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What is the asking price for St. Petersburg FL 33713 USA in St Petersburg?
The asking price for St. Petersburg FL 33713 USA is $205,000
What is the building size of this Retail property in St Petersburg, FL?
The size of the building/unit at St. Petersburg FL 33713 USA in St Petersburg is 2,620 square feet
How much land does the St Petersburg, FL property at St. Petersburg FL 33713 USA include?
St. Petersburg FL 33713 USA in St Petersburg includes 1.000 acres of land
What kind of Retail is the propery at St. Petersburg FL 33713 USA?
The property at St. Petersburg FL 33713 USA St Petersburg, FL 33713 is listed as a Food Service Retail property
What is the population within 1 mile of St. Petersburg FL 33713 USA in St Petersburg?
The population within 1 mile of St. Petersburg FL 33713 USA St Petersburg, FL 33713 is 14,234 people.
Who do I contact for questions about St. Petersburg FL 33713 USA?
You should contact the listing agent,
Kori Billings, for any details regarding this commercial listing.
