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Business for Sale

Pizzeria & Restaurant for Sale in New York
Suffolk County, NY

Listing #37216

   
Financial Information (non-confidential)
Asking Price $499,000.00 Gross Revenues $1,500,000.00
Down Payment $250,000.00 Owner’s Cash Flow $200,000.00

Financing: $250,000.00 Down and 249,000 for 5 years @ 8%

Reason for Selling:Retiring

Iconic Italian eatery with a 50-year legacy! This long-established pizzeria and restaurant is located in an affluent area and is available only because the owner is retiring and relocating out of state. The business enjoys low rent with 10 years remaining on the lease. The seller currently nets approximately $4,000 per week while operating just four days a week, leaving significant room for growth for a more hands-on owner. A motivated buyer could easily increase profits by extending hours and streamlining staff and payroll. The business offers both indoor and outdoor seating during the summer months, as well as a bar area. Adding online delivery options such as Uber Eats could further boost sales. Currently, the breakdown of sales is approximately 40% food, 35% pizza, and 25% delivery. This is a rare gem that has been priced to sell and will not last long. For more information or to schedule a meeting, contact broker Jim Aloi at 631-375-4100.

In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.

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.
Jim Aloi
Senior Business Broker
631-375-4100
jaloi@vestedbb.com
Servicing Area:
Nassau County, NY
Suffolk County, NY
Kings County, NY
Bronx County, NY
Jim Aloi

Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.

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