Become the Owner of Two 20-Year Old Famous Pizza Stores & Mobile Catering Business

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Australia 2000 Sydney, New South Wales, Australia

14 2951
$2,750,000
G1Z1W1YM08
11 months ago

HIGHLIGHTS

  • 2022 Winner Of Outstanding Fast Food/Takeaway at the Local Business Awards
  • Mobile pizza truck and catering business easily accommodates large corporate parties and functions 
  • 2 stores located in the Nepean area - a local institution
  • Highly flexible vendor terms

DETAILS

Asking Price: $2,750,000
Profit: $1,390,000

A great opportunity to own a long-standing, locally renown pizza institution in the Nepean area!

Reason for sale: Owners are looking to retire but willing to stay on to assist in transition

2 x brick and mortar storefronts & 1 x mobile catering business 

  • Approximate Revenue Split 
    • Store 1: 23.5% 
      • Completely under management 
      • Only renovated a few years ago
      • Vendors have spent over $100,000 on the fit out
    • Store 2: 36.5% 
      • Semi-under management 
    • Mobile Catering Business: 40%
      • Semi-under management 
      • Expenses are very low for this component of the business
  • Award-Winning Business
    • 2022 Winner Of Outstanding Fast Food/Takeaway at the Local Business Awards

  • Very Workable Vendor Terms:
    • Willing to stay on for 6-12 months (subject to negotiation) to ensure a smooth transition and revenue milestones are met
    • Open to structured earn-outs
    • Open to vendor finance

  • Highly reputable and profitable catering business
    • Services small to very large functions
      • Birthdays
      • Christmas parties
      • Corporate functions (Example - In Nov 2022, provided catering services for KIIS1065 - Kyle and Jackie Show Corporate Event)
      • Residential gatherings
      • Function centers
      • All other private functions (E.g. sporting events)

    • Mobile catering offers more than just all-you-can-eat pizza. Due to demand, the offering now includes grazing and dessert tables to further complement functions/events.

  • A sophisticated website and online ordering system are in place
    • Launched in May 2022 - owners invested a plethora of time and financial resources into launching a sophisticated online ordering system 

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