Financing: $959,000.00 Down and Seller financing may be available to very qualified buyers
Reason for Selling:Personal
After 17 years at this Prime Manhattan Corner Location, the
Semi-Absentee Oner of this Very Successful Brick Oven
Pizzeria is finally ready to sell. Anyone experienced in the
pizzeria business will quickly realize that this place is already
a gold mine that can do even better with a new owner who is
ready, willing and able to be more hands-on. The current owner
has kept it really simple: Top-Notch Thin Crust Pizza (slices & pies),
sodas, salads, parmigiana heros, and calzones. There's room
in the back to add a stove/oven and a venting duct to the roof is
already in place, should you want to expand the menu.
Unheard of in NYC, there are 17 years left on the lease and
No Demolition Clause. The rent escalates at just 3% per year
for the next 16 years. In-store sales of about $100K/month
account for 75% of gross revenues; internet delivery orders
of about $30K/month, the other 25%. Roughly 2/3s of in-store
sales are made on credit cards; the other 1/3 in cash.
Payroll consists of 12 full-time employees for a total of $7,000/week.
Open until 2am on Thursdays and 4am on Friday and Saturdays,
it's safe to say that this place attracts a late night crowd in this
young and affluent neighborhood. The daytime sees lots of deliveries
made to corporate accounts, local schools, churches, and a
major hospital nearby. The high rise residential building that's
about to go up on the other corner of the same block will first
bring hundreds of construction worker to this pizzeria and then
thousands of new residents. Do be very discreet when visiting
this location, as the employees and customers do not know
it is for sale. Then, kindly contact listing broker Jay Goldman,
should you have any questions and would like to make an
appointment to speak with the owner. Please call 1-877-735-5224
for further information.
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 firstname.lastname@example.org or call us at 1-877-735-5224 to discover the difference that is Vested Business.
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.