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Business for Sale Summary

High Volume Take-Out Pizzeria - Lower East Side - 25369

Business Type: restaurant/ cafes,special situations,new to market,business with property available,pizza parlour
High Volume Take-Out Pizzeria - Lower East Side
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This business has received 179 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $850,000 Down Payment $425,000
Gross Revenues $1,560,000 Lease Remaining Register Free to View
Owner’s Cash Flow $250,000 Number of FT Employees Register Free to View

Financing

$425,000 Down and $425K over 4yrs. @ 6%

Business Description

High Volume Take-Out Pizzeria. Absentee Ownership. This is a beautiful store in a very busy Lower East Side location. They have a busy lunch and dinner business, mainly pizza & soda. There is a simple menu that is easy to manage. There is seating for over 15 people, although business is mostly quick, in and out and delivery to local businesses. A new owner can add this to the business if they would like. In the past year this business grossed approx. $1,560,000.00 with a net income of approx. $250,000. This business has a 9 year lease with only 3% rent increases. The current owner is looking to sell as he owns several other businesses. This is a great deal that will not last. We are looking for serious and financially qualified buyers with experience in the industry and at least $485K to cover the downpayment and rent security deposit of $60K. If you meet the criteria call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com.

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.