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Business for Sale Summary

Pizzeria & Restaurant for sale in Long Island - 34005

Business Type: absentee business,restaurant/ cafes/ diners,seller financing available,pizza parlour
Owner Financing
Pizzeria & Restaurant for sale in Long Island
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This business has received 69 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $699,000 Down Payment $199,000
Gross Revenues $2,000,000 Lease Remaining Register Free to View
Owner’s Cash Flow $300,000 Number of FT Employees Register Free to View

Financing

$199,000 Down and $500K financed for 7 years at 7% to a qualified buyer.

Business Description

Pizzeria & Restaurant must see!!!! Established 40 plus years, updated, new AC. This gorgeous 3,150 square foot listing is now run 100% absentee. Hands on buyer will save over $1,500 weekly on payroll and will easily save another 20% on waste, theft, discounts, etc. Located in established shopping center with major tenants. There is room for 3 tables outside. This place is currently doing $2M. Rent negotiation is being discussed. This seller has no food experience and will give this goldmine opportunity up for a small down payment of $175,000 and the balance over 7 years to the right buyer. Tons of nearby catering accounts waiting to be secured. Seller will start note 6 months after purchase!!! New buyer can greatly increase business with social media marketing, daily specials, and mobile to-go. DO NOT PASS THIS LISTING UP. CALL BROKER JIM ALOI FOR MORE DETAILS! GOOD OPERATOR SHOULD TAKE HOME OVER $300K

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 registration@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.