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Business for Sale Summary

Long Established Pizzeria/Bar/Restaurant - 35012

Business Type: absentee business,bar/tavern/night clubs,misc. retail/non-classifiable,other eating & drinking places,other food stores,pizza parlour,seller financing available,restaurant/ cafes/ diners
Owner Financing
Long Established Pizzeria/Bar/Restaurant
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Financial Information (non-confidential)

General Information
Asking Price $325,000 Down Payment $225,000
Gross Revenues $1,456,264 Lease Remaining Register Free to View
Owner’s Cash Flow $145,626 Number of FT Employees Register Free to View

Financing

$225,000 Down and $100K over 3 yrs. @ 6%.

Business Description

Long Established Pizzeria, Restaurant and Bar. Originally established 47 years ago, this has become a local landmark. The food is terrific and so is the location, lease and vibe. The restaurant is a spacious 4,000 sf. offering a 24 seat bar area, a 60 seat dining room and 30 seats for outdoor dining. It was fully renovated less than 5 years ago with brand new a/c units, great on- site parking and close proximity to public transportation. In the past year the business grossed approx. $1,456,264 with an owner’s cash flow of approx. $145,626.00. They keep excellent financial records. This is all done with very part-time ownership as they have a full staff of 10 full-time and 9 part-time employees. There are 8 years left on the current lease with a rent of only $5,000/mth. That is under market for this location and square footage. This space must be seen to be appreciated. We are seeking a serious and financially qualified buyer with at least $225K in liquid funds plus additional funds for the inventory and working capital. Proof of funds shall be requested. To learn more, please call, text or email Mel Vaz today on 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.