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Business for Sale Summary

Money-Making Midtown Pizzeria - 28670

Business Type: other eating & drinking places,restaurant/ cafes,best deals!,illness forces sale!,must sell/drastic price reduction!,new to market,seller financing available,pizza parlour
Owner Financing
Money-Making Midtown Pizzeria
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This business has received 83 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $175,000 Down Payment $125,000
Gross Revenues $845,000 Lease Remaining Register Free to View
Owner’s Cash Flow $130,000 Number of FT Employees Register Free to View

Financing

$125,000 Down and $50,000.00 at 6% over 24 months

Business Description

Illness Forces Sale! Drastic Price Reduction! In business since 1972, you would be just the 3rd person to own this money-making Midtown Pizzeria. On an average week, the owner puts $2,500 in his pocket from sales of $16,250. The landlord stands ready to issue a brand new 10 year lease starting out at $16,500/month, inclusive of real estate tax, as long as you have excellent credit and a background in the pizzeria and/or one or more foodservice businesses. You will find 750 sq. ft. of space at street level that includes a seating area and full kitchen with roof venting. There is a half-basement that is currently not in use, but could be. You can dramatically increase this pizzeria's internet delivery business, which only accounts for about 15% of its sales right now. The current owner is doing little to nothing in the way of social media and advertising. How about establishing corporate accounts with the many offices that order daily over the phone. There is so much upside here! Do be very discreet when visiting the location, as the employees and customers do not know it is for sale. Kindly then contact listing broker Jay Goldman should you have any questions and would like to make an appointment to meet with the owner. Please 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.

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.