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Business for Sale Summary

Stunning Pizzeria - 80% Delivery - 32195

Business Type: misc. retail/non-classifiable,other eating & drinking places,other food stores,restaurant/ cafes/ diners,seller financing available,pizza parlour
Stunning Pizzeria - 80% Delivery
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Financial Information (non-confidential)

General Information
Asking Price $299,000 Down Payment $200,000
Gross Revenues $884,000 Lease Remaining Register Free to View
Owner’s Cash Flow $150,000 Number of FT Employees Register Free to View

Financing

$200,000 Down and $99K over 3 yrs. @ 6%.

Business Description

Stunning Pizzeria - 80% Delivery. Mint condition. THE CURRENT OWNERS ARE ONLY THERE 5 HRS/DAY. Located in a densely-populated area of N. Queens, this location was built with all high-end finishes and equipment. There are 18 hotels and 7 schools within 1.5 miles of this location. It is in walking distance from Manhattan. The space is 1,100 sq. ft. with a POS system, cameras, full basement including walk-in boxes, office and even basement A/C. There is also a 1,000 sq. ft. backyard that can be used for outdoor seating. There are 9 years left on the current lease, with a monthly rent of $4,250 (very fair for this area) and 3% annual increases. The business is fully-staffed with a pizza man, two cooks, one prep person, one dish washer and two full-time delivery people. That does not include the part-time owners. The business is currently averaging $17k/week in sales (80% delivery), with a projected net cash flow of $150k this year. You can add beer and wine. The place is fully-equipped with a full kitchen, including grill, custom brick oven for pizza, fryers, and more. You must visit the location- just take a look at the pictures. We are seeking a serious and financially qualified buyer with at least $200k in liquid funds to cover the asking price and three months' rent security. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK WITH ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY!

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.