Manhattan Pizzeria - Great East Side Location

New York, NY
New York County

Midtown East

Asking Price: Annual Revenue:
$240,000 $870,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Manhattan Pizzeria - Great East Side Location Broker: Tony Torella

Quick Facts

Asking Price: $240,000
Annual Revenue: $870,000
Net Profit: Not Disclosed
Cash Flow: $145,000
Total Debt: Not Disclosed
FF&E: $70,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 7
BBN Listing #: 415543099
Broker Reference #: BBN-194319121

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Business Overview:

This well-established pizzeria is located in the Midtown East area of Manhattan, on a heavily trafficked major avenue. They are located in a highly desirable corner store, and have been in continuous operation since 2009. The buyer of this business will be taking over a well run "Turn-Key" operation.

The customer base consists of local residents, local office workers and pedestrians passing by on this heavily trafficked major avenue. In addition, they offer Corporate Catering.

Their pizza is made in a Brick Oven. In addition to the popular classic pizza, this pizzeria offers 20 specialty pies. They also offer a full menu consisting of Pasta Dishes, Baked Pasta Dishes, Entrees, Hot Heroes, Cold Heroes, Calzones, Burgers, Appetizers and more.

The sellers are highly motivated to sell the business and will do everything necessary to ensure a smooth transition as well as a successful future for the new owner. Their objective is to sell the business to a buyer who will continue to serve the loyal existing customer base, as well as capitalize on the many growth opportunities that are available in this neighborhood.

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Property Features and Assets:

The business is located i a street level corner store. This space consists of a street level restaurant (350-400 square feet) and a basement storage area (400-450 square feet).

Market Competition and Expansion:

Competition is not a concern. Even though this business is located in a heavily populated residential area, with a large population of office workers, there aren't any other pizzerias in the immediate area. This business offers substantial growth opportunity for a new owner to pursue by increasing the amount of advertising and marketing to the surrounding neighborhood.

Reason for Selling:

Partnership Conflict.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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