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Business for Sale Summary

Gourmet Pizzeria - Absentee Owner - 33805

Business Type: absentee business,misc. retail/non-classifiable,other eating & drinking places,other food stores,restaurant/ cafes/ diners,seller financing available,pizza parlour
Owner Financing
Gourmet Pizzeria  - Absentee Owner
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Financial Information (non-confidential)

General Information
Asking Price $175,000 Down Payment $110,000
Gross Revenues $350,000 Lease Remaining Register Free to View
Owner’s Cash Flow $50,000 Number of FT Employees Register Free to View

Financing

$110,000 Down and $65K over 3yrs. @ 6%

Business Description

Gourmet Pizzeria - Absentee Owner. This business has become the go-to location for the best pizza in town. Due to Covid they only offer take-out and delivery at this time. They have been rated 4 stars on Yelp and Zagat's. The location has been established for over 12 years. They have built a reputation based on quality and freshness. The location is fully equipped and well maintained. They are located in a densely populated area at the foot of a 54 unit luxury apartment complex. The location is near several major landmarks, theaters, schools and universities. The space is 2,200 sf. with a license for an additional 12 outdoor seats. The RENT IS ONLY $2,175/mth. with 7 years left on the current lease. This year's gross sales were approx. $350,000.00 (higher than last year) with an owner's cash flow of approx. $50,000. That $50K is based on full-absentee ownership, after paying all overhead including a full-time manager and staff. A new owner can continue this way or come in as a hands-on owner and reduce payroll immediately. The location is currently BYOB, but a full liquor license can be obtained. They are currently open only 6 days, closed on Monday. All logos and artwork are trademarked and included in the sale price. We are seeking a serious and financially qualified buyer with at least $110K in liquid funds to cover the asking price and inventory. To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

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.