Business For Sale. Beach Area Pizza Restaurant

URGENT, RUSH, ASAP, FIRE SALE of PIZZA RESTAURANT AND REAL ESTATE. This Beach City area favorite pizza restaurant has some of the best Pizza around, with dining in house, and also pickup clientele, and a very busy delivery business. Delivery is 60-70%; of revenue. County Health rating is the coveted 93;A94; rating21;21;21; Long time clients order for business and personal use. Inside seating is limited to around ten or so, yet outside dining brings total on site seating to around 34. Business was founded nearly 40 years ago21;Current Owner has loved the business and personnel and customers for the 9 years of ownership, but has come down with a medical and health issue and has not been able to work as regularly in the past. This has led to less business success of late. Seller believes that an experienced cook that can control food cost and reprice the product is the key to success for the business. Seller owns the real estate individually which was appraised using the comparable sale approach at 24;640,000 on 9-20-2005, with 2396 sq ft for land, 652 sq ft building consisting of 540 for the building and 112 sq ft storage. Property has a First Mortgage Note is in place on the property for 24;331,000 and monthly payments of 24;2900, loan may be assumable for the right buyer. Second Mortgage is also in place for 24;60,000. Seller is behind on real estate payments, business tax payments, accounts payable, and thus must sell. Real Estate and business would sell for a combined FIRE SALE price of 24;550,000. Based upon full price offer of 24;550,000, Seller may consider carrying a small note for part of the purchase price, approx 24;50,000, 8%; interest, 60 monthly payments of 24;1013.82. For more information, please contact Lonnie Langdon or Hazel Hofsess at 310-539-8300.