Business Description

PRICE JUST REDUCED FROM $360K to $270K due to illness. COAL FIRED BRICK OVEN PIZZA RESTAURANT with BAR. Just as current owner was on his way to rebuilding this recently purchased 30 year business under a new name, his father/partner became ill. FULL LIQUOR LICENSE AND 9 YEARS LEFT ON THIS PRIME MANHATTAN LEASE (4 more years at $19K/mo before annual increase in years 6-10 of only 3%/yr). THIS RESTAURANT IN THIS NEIGHBORHOOD SHOULD BE DOING $40-60K/week instead of the current $15-20K. Inviting dining room & bar, rare brick ovens and kitchen all on 1800 sq ft ground floor. HIGH QUALITY FOOD AT A GREAT VALUE. Office, storage and changing area in 1800 sq ft basement. ENCLOSED OPEN AIR SIDEWALK EXTENSION recently added under grandfathered permit. Further marketing and some improvement in service could make the difference, as the authentic pizza, tasty entrees and single plates deliver the classic flavors of Italy with the refinement of NYC cuisine . TAKE OUT AND DELIVERY account for 35-40% of sales. BRANDED COCKTAIL MENU could use a popular bartender to go with it. Did you know that fresh homemade mozarella melts best in the 900 degree heat of a coal fired brick oven? SELLER FINANCING AVAILABLE.