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Business for Sale Summary

Pizza Restaurant w/Full Bar in New York County, NY - 32615

Business Type: bar/tavern/night clubs,other eating & drinking places,pizza parlour,seller financing available,restaurant/ cafes/ diners
Pizza Restaurant w/Full Bar in New York County, NY
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This business has received 69 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $360,000 Down Payment $360,000
Gross Revenues $1,128,000 Lease Remaining Register Free to View
Owner’s Cash Flow $180,000 Number of FT Employees Register Free to View

Financing

$360,000 Down and Seller financing may be made available to qualified buyers

Business Description

Besides the endless variety of home-made pizzas offered here by the slice or pie, this dine in, take out, and internet delivery Italian restaurant offers soups, heroes, baked pastas like manicotti, ziti, ravioli, lasagna, and eggplant rollatini with spaghetti. Its chicken, veal and seafood dishes are divine. Plus, the restaurant has a bar with a full liquor license. The rent for 1,500 sq ft at street level and 1,000 sq ft in the basement is just $14,500/month, inclusive of real estate tax. It's located on a major avenue in a high-end mixed residential and commercial neighborhood near midtown Manhattan. The new luxury high rise building that just went up across the street from it should boost revenues and profits for years to come. The restaurant and bar seat over 60 customers at a time. Internet delivery orders provide about a third of the revenues, with phone delivery & take out about 10%; the rest is from food, wine, and spirits sold in-store. The landlord stands ready to round up the lease to 10 years from the 8 remaining. After serving this community for 18 years, the owner is ready to retire and move out of state. He may be willing to offer some seller financing to qualified buyers. Please do not say anything to the employees or the customers, as they don't know the business is for sale,.Kindly then contact the listing broker, Jay Goldman, at either 917-912-3282 or jaygoldman@vestedbb.com, if you would like to meet with the seller to ask some questions and receive a full tour of the facilities.

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.