Long Standing Italian Restaurant For Sale in New Y - 35504 Business Type: misc. service/non-classifiable,other eating & drinking places,owner financing available,restaurant/ cafes/ diners
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $140,000 | Down Payment | $100,000 |
| Gross Revenues | $350,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $65,000 | Number of FT Employees | Register Free to View |
Financing
$100,000 Down and Balance of $40k with 7% rate for 48 months.
Business Description
This Pizza Cafe has been located in a busy industrial area of Suffolk County for many years.
It calls itself a pizza place and deli but next to nothing is being done to promote the deli including no hot food and very little for the pizza place itself.
The owner after 40 years is definitely tired and ready to move on to retirement.
This business has major potential for growth. It is only open Monday through Friday. It’s a prime location.
Someone with vision can probably grow both ends of this this business extremely. Either way this owners retirement definitely creates this excellent opportunity for the right entrepreneur to be located in the right place at the right price, at the right time no matter whether deli or pizza or both.
This business offers a negotiable ten year lease, with one year left on the current lease.
If you’re looking at the pizza business or the deli business this is a definite must see and will not last long at this price so inquire now.
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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.
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