1. Home
  2. Businesses for Sale
  3. New York
  4. Pizza Parlour
This Business has been Sold!
Closing Date: 11/20/2015
Business for Sale Summary

Absentee $12k/wk Pizzeria-Restaurant - 24171

Business Type: restaurant/ cafes/ diners,seller financing available,pizza parlour
Sold
Absentee $12k/wk Pizzeria-Restaurant
On November 20th 2015, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: All of NY
All of NJ
All of CT
All of MA
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.

Financial Information (non-confidential)

General Information
Asking Price $350,000 Down Payment $350,000
Gross Revenues $575,116 Lease Remaining Register Free to View
Owner’s Cash Flow $155,391 Number of FT Employees Register Free to View

Financing

$350,000 Down and Negotiable

Business Description

PRICE REDUCTION !!! Absentee $12k/wk Pizzeria-Restaurant. This is a beautiful and modern store that was built from scratch by the current owners. The owners only go to the store only a few hours per week. They have a full staff and management in place. PAYROLL MUST BE REDUCED BY A QUALIFIED OPERATOR. IT IS CURRENTLY $2,500/wk. 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 they hope to obtain permits for an additional 22 outdoor seats. In the past year the business has grossed approx. $624,000.00 with a net income of approx. $155,292.00. RUN ABSENTEE! The current owners do not cook. 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 $350K in liquid capital to cover the down payment, deposits and working capital. 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.