GringoPost | Ecuador: Price reduction on Trip Advisor Pizzeria Tutto Matto

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Price reduction on Trip Advisor Pizzeria Tutto Matto

This is a great Cuenca investment and business opportunity for someone wanting to take over the widely successful restaurant and well-established, Tutto Matto Pizzeria.

This highly popular restaurant is totally turnkey and ready to go — with all of the tables, chairs, plates, linens, and kitchen equipment, as well as the “secret recipes” and training sessions by the owners included in the purchase price.

A customer favorite, located in the high-traffic area on Avenida Solano, Tutto Matto Pizzaria is currently rated the number #1 Pizzeria and the #2 Overall Restaurant in Cuenca by Trip Advisor and as such is an investor’s dream. The restaurant also received the #1 “Best Pizza” award from the local online publication “GringoPost.”

An expat hang-out, this 1,938 sq. ft (180 sq. meter) restaurant is also frequented by local Ecuadorians who come for the fabulous pizza, pasta, salads, and even burgers. But the heart of this restaurant is Italian fare, and the ambiance and flavor are that of New York City’s best pizzas and pasta.

Open since July, 2013, (September 2014 in its current location), the restaurant has gained a loyal following, guaranteeing a customer base as soon as you open. The current chef, who worked in Chicago for 13 years, will provide a two-week training session for the new owners, to pass on recipes, talk about the business and customize the menu to make the new owners shine while standing apart. He has also committed to staying with the restaurant to make the transition as easy as possible.

The current owners, who will also be part of the training sessions, ran the restaurant by themselves with the owner/chef taking months off on holidays and summers, yet still, this restaurant retained its popularity and showed profits.

For the buyer, this means that Tutto Matto Pizzeria has the capability of continuing on as a “mom and pop” restaurant — perfect for people looking to supplement their retirement incomes — or to be open as a full-time, money-making venture for a young couple or group of investors choosing to increase profits.

Included in the purchase price are over $30,000 worth of kitchen and restaurant equipment including a large pizza oven & pizza stone, a True Pizza Prep Cooler, a 3-burner industrial grill, refrigeration, a large freezer, 2 beverage coolers, a True wine and beer cooler, industrial sinks, a Lamination exhaust hood and pots and pans, dishes, glasses, and cutlery.

Eighteen (18) tables and 48 chairs are included, as are the hand-crafted granite bar, lighting fixtures, electrical and plumbing mechanisms, gas tanks, artwork, and the outside canopy and signage. The trademarked name, Tutto Matto Pizzeria, is also included in the sale price and will be transferred to the new owners upon purchase.

The listing price of the restaurant is $50,000 cash and may be paid in the United States or Ecuador. The monthly lease on the building — which is guaranteed by the owner to continue for five years minimum – is $700 per month, plus IVA tax of $84.

Financials, a full inventory list, and detailed information are available for serious buyers.

If you have ever dreamed of owning your own successful, ready to roll restaurant- or are moving to or returning back to Cuenca and looking to take over a successful business venture immediately — Tutto Matto Pizzeria may just be the perfect investment opportunity for you.

$50,000, negotiable.

Address: Virgen de Bronce, Av. Fray Vicente Solano, Cuenca.

Please mention GringoPost when inquiring about this property. Property ID: RE-1565385972

I am a real estate agent, Ecuador at Your Service: ashley@ecuadoratyourservice.com