123 MAIN ST #1, Reading, PA 19601 - MLS#PABK2043972 - Ram Bala

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

Profitable, home-style pizzeria and Italian restaurant. Featuring pizza, strombolis, wings, subs and more.
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

Waterfront N

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

Parking Type Parking Lot

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