Italian Family Restaurant & Pizza Delivery for Sale in Newport News, VA

This is a well-established Italian Family Restaurant and Pizzeria located in Newport News, Virginia. Established in 2009, the business boasts a strong reputation, having won awards for Best Pizza, Cheesesteak, and Casual Dining. It operates from a 2300 sqft space with an 80-seating capacity, situated in a high-traffic shopping center alongside major retailers like Home Depot, Lowe's, and Walmart, ensuring excellent visibility, ample parking, and strong foot traffic. The business offers multiple revenue streams including busy pickup, dine-in, delivery, and in-house/offsite catering, with a dedicated buffet table for banquet events. It serves a loyal customer base of over 5000 individuals and maintains an active social media presence with 2400 Facebook likes. The business also holds an ABC license. The asking price is $300,000 with a gross revenue of $1,000,000. While cash flow is undisclosed, the inventory value is $24,000 and is not included in the asking price. Furniture and fixtures are included. The monthly rent is $3727 for a lease with 5 years remaining and a 5-year renewal option. The team consists of 6 full-time and 6 part-time employees. The owner is motivated to sell due to relocating to Canada and is willing to train the new owner. There is significant potential for growth, particularly by introducing breakfast service and through dedicated advertising and marketing efforts by a hands-on operator. Standard food competition exists in the area.