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34026110
34025389

115 E College Way, Mount Vernon, WA 98273

SL
WA 25008917
$450,000
0 days on market
Updated 0 days ago
Opportunity zone

Round Table Pizza

Details
Property Type Business for Sale
Sub Type Business Only
Units 1
Cap Rate 20.02%
NOI $90,110
Tenancy Single
Brand/Tenant Round Table Pizza
Lease Type NNN
Lease Term 10
Lease Expiration 12/31/2033
Remaining Term 6
Lease Options 2-Five Year Options
Class A
Lot Size (SqFt) 1
Parking Spaces 10 spaces
Lease Commencement 12/11/2023
Ground Lease No
Sale Condition N/A

Round Table Pizza - Business for Sale - Mt. Vernon

Marketing description

Well-established Round Table Pizza franchise opportunity located in the Mount Vernon, WA trade area, offering a turnkey, absentee-run operation with consistent performance and strong brand recognition. The business generates approximately $940,000 in annual gross revenue and operates with management and staff in place, allowing for minimal owner involvement. This location is fully built out and equipped for high-volume pizza production, featuring a complete commercial kitchen, systems, and trained employees in place. Franchise updates completed. Nearby competitor closed. As part of a recognized franchise system, the business benefits from proven branding, recipes, operational support, and marketing, making it ideal for first-time operators and multi-unit buyers. The operation presents a solid investment profile with documented cash flow and the ability to scale through operational efficiencies, extended hours, or increased local marketing. Positioned in an established commercial corridor with consistent traffic and strong demographics, the business maintains a loyal customer base with continued demand for dine-in, takeout, and delivery. This opportunity is being made available as ownership shifts focus to other professional commitments. The business is operating normally, with transition support provided for a smooth transfer. A rare opportunity to acquire a recognized franchise pizza concept with absentee structure, stable revenue, and clear upside in a growing market.

Investment highlights

Approximately $940,000 in Annual Gross Revenue

True Owner-Absentee Operation – Currently managed by an experienced General Manager with owner involvement limited to only a few hours per week.

Strong Cash Flow – Approximately $90,000 annual net profit with an additional $50,000+ upside for an owner-operator by eliminating the General Manager payroll.

Established National Franchise – Round Table Pizza offers proven branding, systems, recipes, and strong market recognition.

Recent Franchise Upgrades Completed – Significant FF&E and franchise-required improvements have recently been completed, reducing near-term capital expenditures.

Turnkey Business – Includes all furniture, fixtures, equipment, systems, and trained staff for a seamless transition.

Experienced Management Team in Place – 10 employees including a General Manager, Assistant Manager, and Shift Supervisor.

Prime High-Traffic Location – Positioned just off Interstate 5 on E. College Way with excellent visibility and convenient access.

Strong Retail Co-Tenancy – Located near Safeway, Grocery Outlet, and other established retailers generating consistent customer traffic.

Only Major Sit-Down Pizza Concept in the Immediate Market – Well-positioned within its trade area with limited direct dine-in competition.

Competitive Advantage – Several nearby competitors have recently closed, creating additional opportunity to capture market share.

Multiple Revenue Streams – Strong dine-in, takeout, and delivery business provides diversified income.

Growth Potential – Opportunity to increase profitability through labor optimization, targeted local marketing, and continued market share expansion.

Long-Term Lease – Initial 10-year lease with two additional 5-year renewal options, providing long-term operating stability. Current base rent is approximately $6,596/month, increasing to approximately $7,708/month following the scheduled adjustment outlined in the lease.

Seller Training Included – Owner will provide transition training to help ensure a smooth ownership transfer.

Seller Selling Due to Other Professional Commitments – Opportunity available because ownership is focusing on a Boeing career, not because of business performance.

Listing Contacts

SL
WA 25008917

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,110.00
$7,509.17/mo

Valuation Metrics

0
DSCR
20.02%
Cap Rate
20.02%
ROI

Map

Zoning

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C-2 CommercialGeneral CommercialGeneral Commercial
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Last updated Jun 24, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Sachmn Litt
License
25008917
Brokerage
Gateway Real Estate
Brokerage Phone
206-702-4609
Title
Real Estate Broker
Brokerage Address
850 39th Avenue Southwest
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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