A message from the founder
"I worked alongside my brother, John D. Sullivan, Jr., ‘Sully’, for more than 20 years, both at the Pizza Center, when he owned it, and then later, at Sully’s Pro Pizza. My brother was not only known for his pizza, but also for his contributions to the community, a strong work ethic, and a commitment to delivering top quality product. I wish to continue this tradition by doing the same, as well as adding value back to our community, rewarding them for investing in a community-focused business.
With demand for our pizza growing like crazy, we're excited to be expanding to a new location in downtown Winthrop. The lease is signed and we can't wait to share our pizza and opportunity with the greater Winthrop community.
Old school pizza made with quality ingredients and love, continuing the tradition my brother started back in the day!"
Paula Corbett, Founder - Sully's Pro Pizza
Deal Highlights - Why you might invest
- Sully’s will serve top-tier pizza at reasonable prices to the greater Winthrop area.
- 30+ years of success with family recipe and business in Winthrop.
- Revenue projected to be $312,000 in 2020 and grow at a compound annual growth rate of 10.9% to $472,605 in 2024.
- Relaunched as pop-up in 2018 with demand quickly outpacing production facilities
- Ranked #4 on North Shore Pizza facebook group, before we are even open to the general public!
Industry Highlights
- Pizza restaurants account for 6.6% of all single service restaurants - an industry with an approximate revenue of $169.2 billion in 2018.
- Pizza restaurants are historically a very low-cost, high-margin business, belonging to an industry that is trending towards more price-based competition.
- The average American consumer spends 5.6% of their annual expenditure on food and beverages outside of the house.
THE MARKET
We've modeled our projections to be conservative, based mostly on take-out pizza sales and a low front-of-house cost. We expect revenue to grow naturally as word of mouth and social media presence expands, leading to increased foot traffic. We will also be utilizing third-party delivery services to unlock additional demand as we grow. Our strong relationships with local distributors enable us to maintain a low cost of goods sold and price our pizza competitively.
Most downtown areas have multiple pizza locations to satisfy growing demand and give options to pizza lovers across the spectrum. The Sully's Pro Pizza is the thin-crust bar pizza staple made with the tried-and-true recipe that many Winthrop residents remember and love.
Location Highlight:
Sully’s Pro Pizza has secured a lease on a location in the heart of Winthrop Center. The business will join the bustling town center surrounded by banks, markets, and salons, and become a great lunch option for workers in the area. The location has a 73 Walk Score, a 60 Bike Score and is very accessible via public transportation.
There are a number of other Pizza shops in Winthrop and the surrounding North Shore area, including low-cost options like Pizzeria Regina’s, as well as more luxury alternatives like Ciao! Pizza & Pasta. However, with the legacy of Sully’s Pro and a devoted fan base earned during a tenure in the Winthrop Elk Lodge, the competitive landscape is very manageable.
Additionally:
- Winthrop has 59 restaurants, 4 grocery stores, and 9 nightlife amenities
- 2 Elementary Schools, 1 Middle School, 1 High School
- Median Household Income in 2016: $83,413
- Median Resident Age: 39.9 years
