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Business for Sale Summary

Pizzeria Restaurant on the UES of Manhattan - 31266

Business Type: restaurant/ cafes,absentee business,best deals!,new to market,seller financing available,pizza parlour
Pizzeria Restaurant on the UES of Manhattan
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This business has received 57 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $349,000 Down Payment $349,000
Gross Revenues $1,664,000 Lease Remaining Register Free to View
Owner’s Cash Flow $144,000 Number of FT Employees Register Free to View

Financing

$349,000 Down and

Business Description

A new more hands-on owner could turn this Pizzeria Restaurant on Manhattan's UES into a gold mine. The on-premises owner basically comes in for a few hours a day to keep an eye on things for his two silent partners, but isn't at all involved in food preparation or order taking. You should be able to trim his payroll expense of $10K/week for 12 full-time (including 5 delivery guys) and 4 part-time workers, should you yourself be experienced in this business and be willing to be somewhat more involved. In-store sales account for 2/3 of the gross, of which 60% are on credit card and 40% in cash -- all recorded on a POS system. The other 1/3 of the gross comes from internet delivery orders, all of which are verifiable. This Pizzeria Restaurant stays open until 2am Sunday throughThursday and until 5am on Fridays and Saturdays to take advantage of the local bar scene in this upscale neighborhood. 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 some prep and storage, as well as containing 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. Please do not say anything to the employees and customers, when checking out this location, as they do not know it's for sale. Then, kindly contact the listing broker, Jay Goldman, to make an appointment to meet with the owner to ask some questions and get a full tour of the facilities. Please call 1-877-735-5224 for further information.

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.