High Volume Pizzeria & Rest - Absentee Owned - 31612

Financing

$249,000 Down and $100 K over 3 years at 6% for a buyer with a personal guarantee, good credit and collateral.

Business Description

High Volume Pizzeria & Restaurant. Absentee Owner. Only open 6 days/wk. The ideal business in the current market. This is a spectacular location in the heart of northern Brooklyn with the same owner for the past 13 years. No expense was spared in the build-out and it shows. It must be seen to be appreciated. Even better, they have a good product and solid sales. They are closed on Mondays. In the past year the business has been averaging gross sales of approx. $23- 25k/wk with a net profit of approx. $208K for an absentee owner. There are 10 years left on the current lease at a rent of $9,000/mth. for a spacious 2,200 Sq. Ft. There are 45 seats for patrons and a beer & wine license. A full liquor license can be easily obtained. The business is fully staffed with 9 F/T employees, including a manager. The current owner has another full-time business and is rarely ever there. He is selling the currently operating business, lease and assets for $349K. We are seeking a serious and financially qualified buyer with at least $249K in liquid funds. The seller will hold a note for a buyer with a personal guarantee, good credit and collateral. 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.