Local Pizzeria - Same Owner for 31 Yrs - 35960

Financing

$199,000 Down and $100K over 3 yrs. @ 6%.

Business Description

Growing Local Pizzeria - Same Owner for 31 Yrs. Major Price Reduction! Located in a large shopping center in Suffolk County, it offers easy access and ample parking. The business owner has built a solid name and reputation by providing quality food and service. This is the “old school” local pizzeria you remember. Sales continue to grow year over year. 2020 gross sales were $987,000. 2021 gross sales were $1.031 mil. 2022 gross sales were $1.053 mil., and 2023 sales are up again. Owner’s cash flow for the most recent year was approx. $150,000. The store is a bit dated, but the front end can be renovated for a relatively low expense. All furniture, fixtures and equipment are in working order. A new owner can add a beer & wine license. Although the owner is looking to slow down, he would be happy to stay on as a part-time employee. Outside of the owner, there are 2 FT and 6 PT employees, including a pizza man, cook, counter and delivery people. They are also enrolled with several major delivery apps. The space is 1,050 sf. with a rent of $5960/mth. That includes, CAM and taxes. No basement. There are 5 years left on the current lease, but that can be extended for a well-qualified buyer. We are seeking a serious and financially qualified buyer with at least $199K in liquid funds to cover the down payment. 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.

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