19 slices pizza & grill...coke, tea and soda equipment are vendor owned (at no cost). contracts:...
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THIS INFORMATION IS CONFIDENTIAL AND NOT VERIFIED BY BROKER
restx.comPHONEEMAIL
725 30th Street, Suite 202Sacramento, CA 95816
Offered at: Location: RX Ref. $129,000 4314 Marconi Ave, Sacramento, CA 95821
7510121
This neighborhood pizza and grill restaurant includes all of the important features we look for in a res-taurant. It occupies a recently updated free-standing building with monument signage and plentiful parking. The kitchen features an approx 12-15 foot Hood with ansul and walk-in refrigerator. The dining area includes seating for 68+/- and has two ADA bathrooms (remodeled as of 2014). The restaurant has a long history in this Arden Arcade location close to the Carmichael border. It was originally a Pizza Hut and later a Togo’s Sandwich shop for many years. The restaurant was completely remodeled and upgraded to include the full kitchen with grill in 2014. It was converted from a coffee shop diner to 19 Slices Pizza & Grill early in 2018. The owners of 19 Handles Pub saw the location as an expansion opportunity into a simpler quick service business model featuring pizza, which represents about 70% of sales, and burgers, sandwiches, salads, and appetizers, which makes up the remaining 30%. Delivery is currently minimal and is only offered for large orders within close proximity of the restaurant. This represents an opportunity for the next owner if pizza is continued. The Lincoln Impinger conveyor oven cooks a pizza in less than 5 minutes, and it can be expanded to include two additional decks as the volume grows. The restaurant has quickly become popular with the locals, especially for combo orders for pizza by the slice with a beverage or beer. A dine-in special featuring a large pizza plus a bottle of wine has recently been added (@ $26.99). The owners replaced the dining area flooring, painted both interior and exterior, and replaced or added nearly all of the equipment as part of their conversion to the pizza and grill concept. The restaurant has gotten off to good start with mini-mal promotion, but the owners are finding it challenging to manage two very different restaurants, with the full-service pub demanding most of their attention. They also have different ideas about the operations and strategic plans for the 19 Slices restaurant, so rather than risk damaging important family relationships, the owners have decided to sell. All of the groundwork has been laid for this pizza and grill restaurant to thrive under an experienced and focused owner. The current menu, name, and logo is included in the sale, or the next owner may chose to go a different direction. All of the expensive infrastructure is in place so the restau-rant may be worth consideration as a conversion to any concept except Mexican. Sale is confidential and tours are by appointment only. Arden Arcade is a community within Sacramento County with population of 173,000+/- and median household income of $59,000 (as of 2018). Carmichael is about one mile East of the restaurant, with population of 63,000+- and median household income of $55,000.
19 Slices Pizza & GrillCarmichael Area Pizza and Grill Restaurant
THIS INFORMATION IS CONFIDENTIAL AND NOT VERIFIED BY BROKER
restx.comPHONEEMAIL
725 30th Street, Suite 202Sacramento, CA 95816
Do not discuss sale with anyone. To arrange a tour please contact broker.
Location & Lease Free-standing Building facing busy Marconi Ave near the inter-section of Marconi Ave & Eastern Ave in Arden Arcade. Restaurant shares property with Taco Bell Co-Tenant. Easy access with plentiful parking & monument signage.Building was renovated inside and out with an investment of over $350k in 2014, plus many more recent improvements.Space: 2,000+/-Occupancy: 68 +/- ADA Bathrooms (2)Rent: $3,713 +/- NNN with Annual Increases @ 3%Property Tax (30% of parcel) @ $6,207 AnnuallyLease: Sale includes assignment of Sublease - through April 2022 with Four (4) Options to Extend @ 5-Years Each. Security Deposit: $3,000Traffic Counts: Marconi Ave @ Eastern Ave: ADT 22,177 (2017)Eastern Ave @ Marconi Ave: ADT 16,604 (2017)
OfferingPrice: $129,000 + Inventory $4,000 to $5,000 +/-Seller Financing is offered for Well Qualified Buyers with $99,000 Cash down + $30,000 Seller Note @ 6% over 3 years = payment of $912.66/monthIncludes: Furniture, Fixtures & Equipment, Type 41 ABC License, Goodwill, Menu, Recipes, Phone #, Social Media Accounts, Training (2 Weeks @ 40 hrs), and Non-Compete Covenant 3yrs @ 5 miles (Non-Compete applies to Pizza and excludes 19 Handles Pub). Excluded: No Vehicles are included in the sale - delivery is currently minimal. Coke, Tea and Soda Equipment are vendor owned (at no cost). Contracts: Direct TV $97/mo, AT&T Uverse $76/mo, Landscap-ing shared with co-tenant Taco Bell $70/mo. Property Taxes and some utilities are prorated with co-tenant on parcel.
OperationsHours: Open 6 Days - Tuesday to Sunday 11:00am - 9:00pm Staff: 1 PT Owner, 1 FT and 5 PT StaffEquipment: Full Kitchen with 15 Ft Hood & Ansul system and Walk-In Refrigerator. Flat Top Grill, Dbl Fryer, Lincoln Conveyor Pizza Oven, Doyot Dough Making Machine, Hobart Mixer, Under Counter Refrigerators, Refrigerated Prep Tables, 1 Door Freezer, Dishwasher, 4 Tap Kegerator, Bravo POS and more. Mostly new Equipment - See FF&E List for full details! ABC: Type 41 Beer & Wine License