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Long established Pizza business with the same owner for over 30 years.
Restaurant is fully licensed and has been recently renovated. Current sales are $620K per year and growing, with the new developments across the street, it will further boost the sales to over $700K per year.
PLEASE DO NOT DIRECT APPROACH THE SELLER AND THEIR STAFFS, ALL INFORMATION THROUGH PHILIP HUI & ASSOCIATES PLEASE.
YEARS IN BUSINESS 30+ year(s)
FLOOR AREA 3000 sq ft.
EMPLOYEES Fulltime: owner(s) Part time: 7
LEASE TERM 3 + 5 yr
PARKING Free
ADDRESS
12th Street, New Westminster
ASKING PRICE $ 325,000
BUSINESS HOURS
Monday - Friday: 11:00 AM to 12:00 AM
Saturday: 04:00 PM to 11:00 PM
Sunday: 04:00 PM to 11:00 PM
MONTHLY SALES
Food and Beverages: $ 50,000
MONTHLY GROSS INCOME $ 35,000
MONTHLY OPERATING COSTS
Gross Rent: $ 3,800
Employee Wages: $ 9,000
Hydro: $ 400 Gas $800 = $ 1200
Insurance: $ 150
Phone Interac: $ 130 + bank charges $700
Waste Removal: $ 150
Others: $ 300
MONTHLY EXPENSES $ 15,300
MONTHLY NET INCOME $ 19,700
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