• READING, PA 19601

  • Other / Rent To Own
1 of 1

Property Details for null St, READING, PA 19601

Features

Facts

Sale Type

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

Description

Profitable, home-style pizzeria and Italian restaurant. Featuring pizza, strombolis, wings, subs and more.nLucrative turnkey business. Loyal patrons; delicious recipes; excellent high-visibility location; amplenparking. Located in high-traffic strip mall anchored by a well-know, successful, chain supermarket.nFully equipped pizza & sub restaurant business for sale (business only). Stellar reputation for quality andnservice dine-in, take-out, and delivery. Consistent financials with room for growth.nOwner is willing to work side-by-side with you for the first couple of months to help provide valuableninsights into the business operations, customer base, and strategies for continued success and new growth.nAcquisition Rationale Includes:n* High percentage of regular, repeat customers; Strong walk-in business due to strip mall traffic.n* Good social media presence.n* Furniture, Fixtures, & Equipment (FF&E) included in price.n* Owner selling to retire. Reasonable seller expectations for the sale price and transaction.n* All proprietary recipes written and included with purchase.n* Tenured employees who can provide operational knowledge, uninterrupted connection to communitynand customers, and consistency in the quality service expected by the many repeat patrons.nVital Stats:n* REDUCED Offering Price: $179,500 Plus Inventory. Includes FFE and All Equipmentn* Total Revenue 2023: $598,000n* Adjusted Cash Flow: $90,000 (2021-2024 Weighted Average)n* Employees: 1 Manager; 4 Full-Time; 11 Part-Timen* Location: Berks County, PAn* Facilities: Leased; Owner agreeable to transfern* Parking: On premise, public parking lot with ample spacesn* Hours: Tuesday Sunday: 11:00am 9:00pm

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Property Brokerage: Destination Realty, LLC 100 5th STREET N Reading PA 19602
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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