Italian Restaurant & Pizzeria-32954

Not Disclosed, NY
Kings County


Asking Price: Annual Revenue:
$1,700,000 $2,860,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Italian Restaurant & Pizzeria-32954 Broker: Eli Stiefel
Owner Financing is Available!
$1,700,000.00 Down & TBD

Quick Facts

Asking Price: $1,700,000
Annual Revenue: $2,860,000
Net Profit: Not Disclosed
Cash Flow: $598,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1988
Employees: 10
BBN Listing #: 29074447
Broker Reference #: 32954

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Business Overview:

Family-run Italian pizzeria established for over 30 years. Open 7 days a week for 13 hours a day, easy to manage simple menu offering pasta, grilled fare & pan pizza as well as beer & wine. Low rent and consistent gross revenues of at least $55,000/week. Square footage of 3,000 Square Feet plus basement of equal size. Plenty of indoor & outdoor seating with an elegant party white table-cloth room. Outdoor seating is covered and permitted. There is also an area for quick-serve and take/out. Owners are retiring. This restaurant has a great reputation for great reliable service, tasty food and a very clean and nice spot to come and hang out. A new owner can work more hours and increase profitability. Seller will train for up to 2 months. Seller will offer some financing for the right buyer. Rent is $8,200/month, 7 years left on lease and landlord will accommodate a qualified buyer. For more information please contact Eli Stiefel or use email reply button of this ad.

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Reason for Selling:

Retirement

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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