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Business for Sale Summary

Stunning Pizza & Deli in Suffolk County, NY - 33022

Business Type: bagel stores,delicatessen/catering services,misc. retail/non-classifiable,must sell/drastic price reduction!,other eating & drinking places,other food stores,restaurant/ cafes/ diners,seller financing available,pizza parlour
Stunning Pizza & Deli in Suffolk County, NY
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This business has received 204 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $199,000 Down Payment $125,000
Gross Revenues $700,000 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$125,000 Down and $74k over 4 yrs. @ 6%. ( Negotiable for a qualified buyer)

Business Description

Stunning Stand Alone Pizzeria & Deli. Price Reduced! Over $24K in weekly gross sales in 2019. Sales declined in 2020 due to absentee ownership. This is one of the few pizzerias on Long Island that did not grow in sales during the pandemic. This business is ideal in the current Covid environment for an experienced operator. They offer quick service, take-out and delivery. Located in an affluent area, the location underwent a gut renovation just 3 years ago by the landlord. EVERYTHING is less than 3 years old, from HVAC to floor tiles, full kitchen w/hood to the parking lot. No expense was spared. There is no direct competitor for miles. That is very hard to find in the current market. The problem for the owner is that he owns several other businesses and is never there. In 2019 the business was very over-staffed with 10 F/T employees and a payroll over 35% of gross sales. Food cost was over 35%. There is still no beer & wine or liquor license. That can and should be added immediately. The business needs a hands-on owner to stay on top of these items and they can see an immediate profit. You DO NOT have to spend a penny in renovations. The business has great reviews that you can build on. The landlord is willing to offer a 15 year lease or better for this 2,800 sf. stand alone location with over 25 parking spaces. The seller is flexible and motivated for a qualified buyer with at least $125K 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 scheduled 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.