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Property profile

0 Confidential Waterloo, IA 50703

OFF-MARKET
Commercial real estate
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Property summary

AI-generated overview

This well-loved and established pizza restaurant in Northeast Iowa is offered for sale at $195,000. Located in Waterloo, IA (zip code 50703), this business has enjoyed a strong reputation for 20 years and is one of the area's highest-rated pizza establishments. The current owner is retiring, presenting a unique opportunity for a new owner to step into a turnkey operation. The business offers a menu of pizza and other Italian-style food options, operating Monday through Saturday from 11 am to 7 pm. The current owner works these hours, providing a clear understanding of the daily operations. Significant growth potential exists through the addition of delivery services, currently untapped, or exploring relocation to a more optimal location. A non-compete agreement is in place for 20 miles for two years, protecting the buyer's investment. The seller will provide 24 weeks of support and training to ensure a smooth transition. This is an exceptional opportunity to acquire a thriving business with a loyal customer base and substantial upside potential. Financial details are available upon request.

Property profile

Verified
Property type Commercial real estate

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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