Skip To Content

123 Main St , #1

READING, PA 19601
  • $169,900
  • STATUS: Active
  • ON SITE: 47 Days
  • ID#: PABK2043972
Price Reduced
UPDATED: 67 min ago
$169,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
Built:
1970
County:

School Ratings & Info

School District:

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; ampleparking. 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 andservice " 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 valuableinsights 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 communityand 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

Monthly Payment Calculator



©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Julie Robinson and Mark Smith Associates | RE/MAX Realty Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-07-19T18:58:50.67.
www.julieandmarkhomes.com/homes/151218246
Print Image

123 Main St , #1 READING, PA 19601

  • Price: $169,900
  • Status: Active
  • On Site: 47 Days
  • Updated: 67 min ago
  • ID#: PABK2043972
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1970
Built
Neighborhood:
Reading City (10201)
County:
Berks
Area:
Reading City (10201)
School District:
Reading
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; ampleparking. 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 andservice " 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 valuableinsights 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 communityand 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
Exterior Features

Construction Materials BrickBrick Veneer Door Features Double Entry Garage YN No Location Type Corner Lot/Unit Lot Features Corner Other Equipment See Remarks Parking Features Lighted ParkingPaved Parking Parking Types Parking Lot Property Condition ExcellentVery Good Road Responsibility City/CountyBoro/TownshipPublic Road Surface Type PavedBlack TopAccess - On Grade Roof Unknown Soil Types Unknown View Scenic VistaStreet Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 1500.00 Building Features Display WindowFirewall(s)Fire AlarmExhaust SystemKitchenOven/Range(s)Public RestroomsRefrigerator(s)ShelvingSprinkler SystemOther Cooling Central A/C Exclusions Leased propane tankbeverage cooler-display case and any personal items Flooring VinylTile/Brick Heating Heat Pump - Gas BackUp Heating YN Yes Inclusions All restaurant equipmentfixturestablessuppliesand food product inventory.

Property Features

Acceptable Financing CashConventional Accessibility Features 32"+ wide Doors Central Air YN Yes Cooling Fuel Electric Current Use Restaurant Electric 200+ Amp Service Elevators 0 Foundation Details Slab Gross Income 598000.00 Heating Fuel Propane - Leased Historic YN No Hot Water Bottled Gas Insurance Expense 18031.00 Municipality READING CITY Navigable Water YN N Net Operating Income 92972.00 New Construction YN No Operating Expense 235616.00 Operating Expense Includes LandscapingParkingSnow RemovalOther Original MLSNumber 803113814050 Owner Pays None Ownership Interest Leasehold Property Sub Type Retail Purchase Optional YN Yes Sale Type Standard Sewer Public Septic Tax Annual Amount 0.00 Transportation Airport less than 10 miles Utilities Cable TV AvailableElectric AvailablePhone AvailablePropaneSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning COMMERCIAL Zoning Description Restaurant business is a permitted use.

Listing courtesy of Destination Realty LLC: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Julie Robinson and Mark Smith Associates | RE/MAX Realty Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-07-19T18:58:50.67.
 
https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_803113814050-2.jpg
Logo
Julie Robinson and Mark Smith Associates | RE/MAX Realty Group
9711 Washingtonian Blvd. Suite 160
North Potomac MD, 20878