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Listing Broker Information
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Tony Darcangelo
President & Managing Partner
Mr. Darcangelo was appointed President of MCA Business Brokers by the Board of Directors of Central Penn Business Brokers, LLC, on September 15, 2005.
Tony has over 25 years of professional experience as a local business owner and as a former corporate executive. He earned a Bachelors of Science Degree in Business Administration & Marketing from the Penn State University. Tony is a 2005 graduate of Donna Dailey’s SCHOOL OF BUSINESS BROKERAGE. This the only educational program of its kind exclusively focused on the practice of 'Main Street' business brokerage.
Tony is most proud of his accomplishments as a local entrepreneur and business owner. He was the founder of a medical staffing franchise in the Harrisburg area in 1993 and served as the Executive Director. He and his partners sold this business in 1997. MCA Business Brokers served as the 'intermediary' and advisor on the sale.
In 1998, Tony became a Partner in a Harrisburg based private equity group that acquired a local staffing company and served as the President of that company until 2001. During his tenure, he and his partners significantly expanded the company's market share throughout the region.
Tony continues to serve as the President and Managing Partner of MCA Business Brokers. He is a PA Licensed Realtor with a strategic alliance with Mid-Atlantic Realty Group, LLC. He specializes in working with sellers of businesses, business properties and commercial investment real estate sales and leasing. He works with prospective business buyers to educate them on the acquisition process and locate a business that exceeds their professional and personal objectives.
As a Harrisburg native, Tony is passionate about the small business community in South Central Pennsylvania. As a business owner himself, Tony understands the challenges of business ownership. His diverse experiences include: business start up, turnaround and planning a successful exit strategy.
Active in the community, Tony is a proud member of Colonial Park Rotary, Colonial Country Club and the PHR Youth Baseball Association. He also supports many charitable organizations as a leader in the business community.
email:
tony@mcabizbrokers.com
phone: 717-657-7000 / 717-756-0443
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BusinessesFor Sale
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Listing Information |
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| Pizza Buffet Restaurant |
| Listing ID: 1145 |
Location: Mechanicsburg, PA |
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Brief:
Virtual Tour Available! SOLD & SETTLED 9-22-09: The restaurant does not need to transfer as a franchise. The build-out was completed in early 2007 for a cost of approximately $400,000. Friends & Family Pizza Buffet is a fully equipped, tastefully decorated family oriented restaurant offering a daily pizza buffet with several selections of pizza to satisfy every appetite. There are over 30 varieties of pizza on the menu. Pasta, soup and salad are also available. In addition, several dessert pizzas are offered along with an ice cream station. This all-you-can-eat buffet is offered daily for one low price. They also offer a "ready to bake" take-out menu as well as catering services. Friends & Family Pizza Buffet recently launched personal size take-out pizzas that have been well-received by its customers. |
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| Listed Price: |
$50,000 |
| Total Sales: |
$200,000.00 |
| Seller's Discretionary Earnings: |
N/A |
| Fixtures Furniture, & Equipment: |
$395,000.00 (Included in Listing Price)
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| Real Estate: |
$0.00
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| Inventory: |
$0.00 (Included in Listing Price) |
| Financing / Terms: |
THE SELLER WILL FINANCE THE PURCHASE WITH A $25,000 DOWN PAYMENT FROM THE BUYER AND AN ASSIGNMENT OF THE LEASE!!! The selling price includes all Furniture, Fixtures, and Equipment (FF&E) with an approximate value of $150,000 and leasehold improvements to the location of approximately $245,000. Food inventory and supplies is also included in the purchase price. |
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Business Information |
| Year Established: |
2005 |
| Number of Employees: |
10 Full Time / 3 Part Time |
| Days and Hours of Operation: |
Monday thru Saturday 11:00 A.M. to 9:00 P.M., closed Sundays and Major Holidays. |
| Relocatable: |
No |
| Franchise Information: |
A franchise transfer fee in the amount of $5,000 will be paid by the buyer to the franchisor. The Franchisor will provide the buyer with a comprehensive 4-week training program offered at its headquarters in Langhorn, PA and on-site at the Mechanicsburg, PA location. Refersher training is also avaialbe for the branch manager, if so desired by the buyer. The franchisor is motivated to quickly locate a qualified buyer as they are in the business of selling franchises and not operating individual restuarant units. The Franchisor is looking for a buyer who would also be motivated to become a multi-unit franchise operator for the Central Pennsylvania area, region and beyond. The acquisition of the restaurant in Mechanicsburg is a great start! |
| Facilities / Location: |
Friends & Family Pizza Buffet occupies over 4,500 square feet of leased space in the newly constructed Shoppes at Silver Spring shopping center on the busy Carlisle Pike. The restaurant offers seating for 150 customers and includes a separate room for private parties and events. The Shoppes at Silver Spring is locally owned by the Cremo family. The business is operated with 3 full-time and 10 part-time employees, One of the full-time employees includes a Branch Manager who oversees the day-to-day operation of the restaurant. Other tenants of this shopping center include Five Guys Burger and Fries and Cold Stone Creamery. This new plaza is not far from the mega plaza that is home to Wegmans. |
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Lease Information |
| Lease Expiration Date: |
6/20/2014 |
| Option: |
The buyer will be responsible for the lease transfer fee in the amount of $2,000 and a lease security deposit. |
| Monthly Rent: |
$6,945.00 |
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| Additional Information |
| Reason for Selling: |
Friends and Family Enterprises, LLC., has its headquarters in Langhorne, PA and opened its first pizza buffet location in Bristol, PA in 2005. The company began its franchise business operations in 2007. The Mechanicsburg location on the Carlisle Pike is the first location for the franchisor in Central Pennsylvania. Friends and Family Enterprises, LLC., has several franchise opportunities available including the pizza buffet concept, a traditional pizzeria concept, and a wholesale pizza distributorship and area development opportunities. |
| Business Description: |
According to the Franchise Offering Circular for Prospective Franchisees of Friends and Family Pizza Buffet, the estimated total initial investment to begin operating a single (start-up) Pizza Buffet Restaurant ranges from $350,000 to $612,000. The business has been priced well below the total startup investment by the franchisor including the working capital required to fund a start-up location in the first year of operation. Friends & Family Pizza Buffet opened its second location in Mechanicsburg, PA in early 2007 with a brand new francise concept in Central Pennsylvania--The Pizza Buffet. |
| Potential for Growth: |
This is an excellent business opportunity to acquire a "flagship" location for a new and exciting franchise opportunity in the Restaurant industry. |
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