Business for Sale Summary
Pizzeria & Restaurant in Kings County, NY - 29628
Business Type: other eating & drinking places,other food stores,restaurant/ cafes/ diners,seller financing available,pizza parlour
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $1,399,000 | Down Payment | $900,000 |
| Gross Revenues | $2,156,682 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $475,239 | Number of FT Employees | Register Free to View |
Financing
$900,000 Down and $499K over 5 yrs. @ 6%
Business Description
Pizzeria & Rest. Grossing 45K Wk. This is a landmark location in Brooklyn. The current owner has been here for 30 years. He is ready to retire.
This is a very unique 2,000 sq. ft. location with covered, permitted outdoor seating. There is the outdoor seating, a sit down, indoor, white table cloth restaurant, and an area for quick-serve/take-out.
There is a simple menu that is easy to manage. In the past year this business grossed approx. $2,340,000.00 ($45k/wk in sales) with a net income of approx. $475,000.00.
This business has 11 years remaining on the current lease at only $7,300/mth. (incl. tax & CAM) with only 2% annual increases and an option to renew for a qualified buyer.
This is a great deal that will not last. **DISCREET VISITS ONLY. PLEASE DO NOT MENTION THE SALE TO EMPLOYEES**
We are looking for serious and financially qualified buyers with experience in the industry and at least $925K to cover the downpayment and rent security deposit.
If you meet the criteria call Mel Vaz today at 1-877-735-5224.
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.
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