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Business for Sale Summary

Unique Concept Pizzeria & Lounge w/ Full Liq. Lic. - 32451

Business Type: bar/tavern/night clubs,misc. retail/non-classifiable,other eating & drinking places,other food stores,restaurant/ cafes/ diners,seller financing available,pizza parlour
Unique Concept Pizzeria & Lounge w/ Full Liq. Lic.
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This business has received 38 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $165,000 Down Payment $100,000
Gross Revenues $520,000 Lease Remaining Register Free to View
Owner’s Cash Flow $110,000 Number of FT Employees Register Free to View

Financing

$100,000 Down and $65K over 3 yrs. @ 6%.

Business Description

Unique concept pizzeria & lounge with a full liquor license. Located in a densely-populated area of Queens, this location is fully equipped with a full kitchen, including grill, pizza ovens, fryers, and more. The space is 1,500 sq. ft. with seating for 25 and a full basement including walk-in boxes. What is unique is that they have a full liquor license until 4 AM. You can keep the current concept or turn this into more of a bar & lounge with food. There are 8 years left on the current lease, with a monthly rent of $3,200/mth. (very fair for this area). The business is fully-staffed. That does not include the part-time owner. The business is currently averaging $12-13k/week in sales with a projected net cash flow of $110k this year. You must visit the location. We are seeking a serious and financially qualified buyer with at least $100k in liquid funds to cover the down payment. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be made by appointment only!

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.