Financing: $349,000.00 Down and
Reason for Selling:Health issues
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-Sa.
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 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.