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Business for Sale Summary

High End Restaurant & Pizzeria **PRICE REDUCED** - 28523

Business Type: restaurant/ cafes,best deals!,new to market,seller financing available,pizza parlour
Owner Financing
High End Restaurant & Pizzeria  **PRICE REDUCED**
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This business has received 49 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $249,000 Down Payment $149,000
Gross Revenues $479,263 Lease Remaining Register Free to View
Owner’s Cash Flow $112,572 Number of FT Employees Register Free to View

Financing

$149,000 Down and $100K over 4 yrs. @ 6%.

Business Description

Gorgeous, high end restaurant and pizzeria. OPEN ONLY 6 DAYS! **PRICE REDUCED** his is a beautiful and modern store that was built from scratch less than 10 years ago. IT IS COMPARABLE TO A HIGH END MANHATTAN RESTAURANT. The current owners have another high volume pizzeria and do not have the time to run 2 locations. They live just blocks from this location and want to see it go into good hands. They are willing to stay on for a few months to help in a training and transition period. They offer take-out and delivery as well as table service. The store is located on a corner in a very affluent area of Queens. They have street parking in front and on side streets. There is also plenty of foot traffic in this area. The restaurant has 55 seats and a new owner may be able to obtain permits for an additional 22 outdoor seats. The rent is only $3,153/mth. and a qualified buyer can obtain a 10 yr. lease. The seller is estimating sales of approx. $520,000.00 for 2016 with a net income of approx. $112,573.00. IT WOULD COST OVER $300K TO BUILD A TORE LIKE THIS TODAY! This business is a good opportunity for anyone with the liquid capital. A family could run this business and reduce payroll or a Wall-Street type could run this on a more absentee basis as it is full staffed and can run itself with limited oversight. We are looking for serious and qualified buyers only! Candidates must have some pizza experience and at least $149K in liquid capital to cover the down payment. Call 1-877-735-5224 for further information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.