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Business for Sale Summary

Very Profitable Brick Oven Pizzeria - 28629

Business Type: pizza parlour,restaurant/ cafes,absentee business,best deals!,new to market,seller financing available
Very Profitable Brick Oven Pizzeria
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Financial Information (non-confidential)

General Information
Asking Price $660,000 Down Payment $500,000
Gross Revenues $1,300,000 Lease Remaining Register Free to View
Owner’s Cash Flow $330,000 Number of FT Employees Register Free to View

Financing

$500,000 Down and $160,000 payable over 24 months at 6%

Business Description

After 17 years, the semi-absentee owner of this Very Profitable Brick Oven Pizzeria wants to sell. An experienced pizzeria owner will realize right away that this place is a gold mine and can only improve with more of his presence there. The pizzeria is located at a Prime Manhattan Location with plenty of foot traffic 24/7. There are 19 Years Left on the Lease and the rent escalates at just 3% annually. In-store sales account for 2/3 of the business, delivery orders the other 1/3. In addition to GrubHub, this pizzeria has its own app for internet delivery orders, which saves on fees. Payroll consists of 14 full-time employees, of which 6 are delivery guys. Open until 2am on Thursdays and 4am on Friday and Saturdays, it's safe to say that this place attracts a late night crowd in this young and affluent neighborhood. It also delivers pies to local schools and a major hospital nearby during the day. 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.