123 MAIN ST #1 Reading, PA 19601
UPDATED:
09/24/2024 02:04 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $86
MLS Listing ID PABK2043972
Originating Board BRIGHT
Year Built 1970
Tax Year 2024
Property Description
Lucrative turnkey business. Loyal patrons; delicious recipes; excellent high-visibility location; ample
parking. Located in high-traffic strip mall anchored by a well-know, successful, chain supermarket.
Fully equipped pizza & sub restaurant business for sale (business only). Stellar reputation for quality and
service – dine-in, take-out, and delivery. Consistent financials with room for growth.
Owner is willing to work side-by-side with you for the first couple of months to help provide valuable
insights into the business operations, customer base, and strategies for continued success and new growth.
Acquisition Rationale Includes:
* High percentage of regular, repeat customers; Strong walk-in business due to strip mall traffic.
* Good social media presence.
* Furniture, Fixtures, & Equipment (FF&E) included in price.
* Owner selling to retire. Reasonable seller expectations for the sale price and transaction.
* All proprietary recipes written and included with purchase.
* Tenured employees who can provide operational knowledge, uninterrupted connection to community
and customers, and consistency in the quality service expected by the many repeat patrons.
Vital Stats:
* REDUCED Offering Price: $179,500 Plus Inventory. Includes FFE and All Equipment
* Total Revenue 2023: $598,000
* Adjusted Cash Flow: $90,000 (2021-2024 Weighted Average)
* Employees: 1 Manager; 4 Full-Time; 11 Part-Time
* Location: Berks County, PA
* Facilities: Leased; Owner agreeable to transfer
* Parking: On premise, public parking lot with ample spaces
* Hours: Tuesday – Sunday: 11:00am – 9:00pm
Location
State PA
County Berks
Area Reading City (10201)
Zoning COMMERCIAL
Interior
Hot Water Bottled Gas
Heating Heat Pump - Gas BackUp
Cooling Central A/C
Flooring Vinyl, Tile/Brick
Inclusions All restaurant equipment, fixtures, tables, supplies, and food product inventory.
Equipment See Remarks
Heat Source Propane - Leased
Exterior
Garage Spaces 62.0
Utilities Available Cable TV Available, Electric Available, Phone Available, Propane, Sewer Available, Water Available
Water Access N
View Scenic Vista, Street
Roof Type Unknown
Street Surface Paved,Black Top,Access - On Grade
Accessibility 32\"+ wide Doors
Road Frontage City/County, Boro/Township, Public
Total Parking Spaces 62
Garage N
Building
Lot Description Corner
Foundation Slab
Sewer Public Septic
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID NO TAX RECORD
Ownership Leasehold
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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