Address Not Available By Request

Description

Business Asking Price: $1,335,000 Cash Flow: $410,000 Gross Revenue: $1,422,000 Building Rent: $6,964.86 per Month (Buyer can purchase building form current owner if they want on contract with acceptable Sale Price & down payment.) Established by current owner in 1978 Profitable main street business for over 45 years with growth potential! Located on Hard Corner. Established Pizza Restaurant, high traffic area. This Italian Restaurant Pizzeria is well established and has been serving the community for over 45 years. This family owned business has grown over the years to include Full Service Dining or Pick up orders with plenty of parking. They do a great delivery business also. The family established and opened up the business in 1978. They have made plenty of improvements over the years with Major remodeling done in 1978, 2000, 2019. In 2020 The COVID shutdown closed there dinning area temporarily and reopened the Dinning area up in January 2023. Last remodel they made space for gaming machines to be installed. This could bring in additional income and business if the new owners decide to do that. The current owners decided have space available for new owners. Parking has been expanded over the years to provide over 50 parking spaces. Current owner has liquor license and serve Beer and Wine for Dine in. A new owner could get full service bar and Slots to generate additional income. Other additional income is to focus on catering and Parties. Also the current owner doesn't do a lot of advertising. The area is in a market that has rental market with younger families. With some additional advertising potential to increase income are also a good value add. All fixtures and and equipment and inventory is included. Everything you need to run a successful business is included. Real Estate: New owner can Lease Building Or can purchase building from current owner for $1,350,000. on contract with acceptable down payment. This Italian Restaurant Pizzeria is well established and has been serving the community for over 45 years. This family owned business has grown over the years to include Full Service Dining or Pick up orders with plenty of parking. They do a great delivery business also. The family established and opened up the business in 1978. They have made plenty of improvements over the years with Major remodeling done in 1978, 2000, 2019. In 2020 The COVID shutdown closed there dinning area temporarily and reopened the Dinning area up in January 2023. Competition: High Traffic area with Hospital 8 blocks to the west and Grocery and shopping centers and High School 5 blocks to the east. McDonalds, Subway, near by with only 1 other Italian Pizza place on the same street between East State St and I 90. Population has high concentration younger age group with under 19 being the highest age group. With the next highest age group being over 65. So there is a great mix of young single and young families with a mix of established clientele. Growth & Expansion: The area is between downtown Rockford area to the west which has had growth in new businesses and new upper scale apartments and housing being developed. The area to the East has I 90/39 corridor. The Airport Growth with Amazon and UPS and other major businesses development with new industrial park with FED ex and other major players. The medical area and aero space industries are also growth areas. Major entertainment complex being built by the Hard Rock Casino and Metro Center improvements with the Chicago Blackhawks Investing into the area. Financing: Owner also owns building and would be willing to sell on contract with acceptable down payment. Support & Training: The owner is willing to provide support and training to make for a successful business transfer. Last remodel completed in 2019. A gaming room area was built out. The current owner decided not to install gaming but the new owners have the option to if they choose.