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Description

OFF-MARKET ‘Q4

Fired Up for Pizza – High Revenue & Great Location

Santa Barbara, CA (Santa Barbara County)

Seller Financing Available

Zip Code: 93101

Asking Price: $75,000

Cash Flow: $52,600

Gross Revenue: $800,000

EBITDA: N/A

FF&E: $74,250

Inventory: TBD

Established: 2012

Employees: 18

Business Description

Before the fires of 2018 destroyed homes and tourism this highly high-volume, highly rated Santa Barbara pizzeria topped a million dollars in gross revenue annually. The business worked its way back to $800,000 in gross sales when COVID-19 hit.

The restaurant features two specialized wood fire ovens in which custom pizzas are cooked for 90 seconds before coming out a yummy crispy Insta-worthy meal. Customers can choose from popular menu-item pizzas or create their own work of edible art using a wide selection of sauces, cheeses, veggies, or meat toppings. The menu also offers salads and a variety of beverages. The pizzeria is licensed to serve beer and wine.

The asking price includes digital assets such as the website and a custom-built App. Additionally, the restaurant is an online hit with hundreds of positive reviews and thousands of social media followers.

Detailed Information

Facilities: The 2-level space is 2,615 square feet on one of the city’s most popular streets. Downstairs is the kitchen and dining space. The upper level is used for dry-goods storage and the employee break room. There are outdoor dining spaces in front of and behind the restaurant with plentiful parking nearby. The popular street has banned vehicle traffic making the area a highly popular pedestrian center full of people who have been anxious to get out into the community again.

The monthly rent is $6,995 plus $1,025 in CAM fees.

The lease expires in 2025. Favorable lease terms likely in light of COVID-19 recovery.

Competition: The city is full of great dining spots, but sometimes people prefer a quick bite on the go or do not want anything fancy or simply quick and pizza at always works.

Growth & Expansion: Starts with reopening and building upon the strong social media base to announce a change of ownership. Look to increase advertising and promotional opportunities with local hotels that also need support. Offer UCSB student discounts but consider a slight price increase.

Financing: If terms, conditions and deal structure favorable.

Support & Training: By phone for 30 days

Reason for Selling: Seller has a job offer in his home State.

Contact info

Pronova Partners

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