Price: $325,000
MLS# 2400814
Provoli Neapolitan Pizza is the only pizzeria in Turks and Caicos specializing in authentic Neapolitan cuisine. Located in the heart of Grace Bay, just a ten-minute walk from Grace Bay Road and overlooking the newly expanded Grace Bay Market, Provoli has quickly earned a top-tier 4.9-star rating on Google Reviews since its opening on June 16, 2023. It has also shown a positive return on investment during its first year of operation.
This turnkey business features established Standard Operating Procedures (SOPs), an affordable lease, and low overhead costs, making it an appealing investment opportunity. Currently, the restaurant operates at just 35% of its time capacity, open Wednesday to Sunday from 4 PM to 9 PM and Friday through Sunday from 4 PM to 10 PM. There is significant potential for growth by extending hours to include breakfast and/or lunch, and two additional dinner services (Monday and Tuesday). The owner has not been able to establish these extended hours due to his primary business as a private chef.
The restaurant can seat approximately 18 people (see floor plan attached). There is also open market seating downstairs for any spillover. Approximately 8 to 9 tables with chairs outside are provided by Grace Bay Market. The restaurant benefits from ample parking and its prime location in a high-traffic area, enhancing convenience for patrons and takeaway orders.
Assets valued at approximately $124,000 (see list) will accompany the sale, and the current liquor and business licenses are effective through December 2024. The seller will be available for a reasonable period post sale to assist with knowledge and skill transfer, including training on signature recipes for Neapolitan and other types of specialty pizza for which he has professional qualifications.
With its strong reputation and growth potential, Provoli Neapolitan Pizza offers a compelling investment for those seeking to own a successful dining establishment in Turks and Caicos.
Sales reports and profit-and-loss figures are available for serious buyers only.