Pizzeria Restaurant on the UES of Manhattan - 31266

Financing

$349,000 Down and

Business Description

This Established Pizzeria Restaurant on the UES of Manhattan should make a lot more money under the hands-on management of one or two new & experienced owners. Minimally, you should be able to trim the $7K/week payroll and bring the cost of goods down under 30%. In 2018, in-store sales, inclusive of telephone delivery orders, amounted to approximately $765K. net of sales tax. Internet delivery orders, net of GrubHub and Uber Eats fees, amounted to approximately $560K. Business hours run from 9am-2am Su-Wed, 9am-3am Th, and 9am-5am Fri-Sat. These later hours are intended to capitalize on the thriving local bar scene in this upscale neighborhood. For cost saving purposes, you may choose to close earlier on some or all nights. You will find 900 sq ft with plenty of seating at street level and a similar amount of space in the clean dry basement, which is used for prep and storage, as well as coming with two walk-ins, a small office, and lockers for the employees. The owner is confident that the landlord will extend the 6 years left on the lease to at least 8 and probably more. He also has stated that it would cost someone about $500K to build out a place like this from scratch and then who knows how long it would take to get all the approvals necessary to open. Please do not say anything to the employees and customers when checking out this location, as they do not know it's for sale.

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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.