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Business for Sale Summary

Italian Restaurant & Pizzeria in Kings County, NY - 32954

Business Type: restaurant/ cafes/ diners,pizza parlour
Owner Financing
Italian Restaurant & Pizzeria in Kings County, NY
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Financial Information (non-confidential)

General Information
Asking Price $1,499,000 Down Payment $800,000
Gross Revenues $2,860,000 Lease Remaining Register Free to View
Owner’s Cash Flow $598,000 Number of FT Employees Register Free to View

Financing

$800,000 Down and $599,000 at 6% for 5 years

Business Description

Family-run Italian pizzeria established for over 30 years. Open 7 days a week for 13 hours a day, easy to manage simple menu offering pasta, grilled fare & pan pizza as well as beer & wine. Low rent and consistent gross revenues of at least 55k/week. Square footage of 3,000 SQFT plus basement of equal size. Plenty of indoor & outdoor seating with an elegant party white table-cloth room. Outdoor seating is covered and permitted. There is also an area for quick-serve and take/out. Owners are retiring. This restaurant has a great reputation for great reliable service, tasty food and a very clean and nice spot to come and hang out. A new owner can work more hours and increase profitability. Seller will train for up to 2 months. Seller will offer some financing for the right buyer. Rent is $8,200/month, 7 years left on lease and landlord will accommodate a qualified buyer. For more information please contact Eli Stiefel 845.445.9045 or email estiefel@vestedbb.com

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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.