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Business for Sale Summary

Pizzeria & Restaurant in Queens County, NY - 29653

Business Type: fast food franchise,other eating & drinking places,other food stores,restaurant/ cafes,assets only sale,new to market,pizza parlour
Pizzeria & Restaurant in Queens County, NY
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Financial Information (non-confidential)

General Information
Asking Price $315,000 Down Payment $315,000
Gross Revenues $676,000 Lease Remaining Register Free to View
Owner’s Cash Flow $130,000 Number of FT Employees Register Free to View

Financing

$315,000 Down and None.

Business Description

Gorgeous pizzeria and restaurant for sale. New construction, in a densely-populated area of Astoria. This location was built with all high-end finishes and brand new equipment. There are 18 hotels and 7 schools within 1.5 miles of this location. It is in walking distance from Manhattan. The owner spent over $350K in the build-out. It is a great location; 1,100 sq. ft. with a POS system, cameras, full basement including walk-in boxes, office and even basement A/C. There is also a 1,000 sq. ft. backyard that can be used for outdoor seating. You can obtain a full 10-year lease, with a monthly rent of $5,500 (very fair for this area) and 3% annual increases. The business is fully-staffed with a pizza man, two cooks, one prep person and two delivery people. The business is currently averaging $13k/week in sales (75% pizza sales), with a projected net cash flow of $130k this year. You can add beer and wine. The place is fully-equipped with a full kitchen, including grill, custom brick oven for pizza, fryers, and more. You must visit the location- just take a look at the pictures. We are seeking a serious and financially qualified buyer with at least $315k in liquid funds to cover the asking price and three months' rent security. To learn more, please call Mel Vaz at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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. kg

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.