Luigis Syracuse A landmark restaurant and pizzeria

Syracuse, NY
Onondaga County

1524 Valley Drive, Syracuse NY


Asking Price: Annual Revenue:
$595,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Luigis Syracuse A landmark restaurant and pizzeria Broker: Michael Kinney Associate Broker
License #: Call broker

Quick Facts

Asking Price: $595,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $295,000
Real Estate: $300,000
Year Established: 1954
Employees: 10
BBN Listing #: 360940651
Broker Reference #: Icon 023

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Business Overview:

First of all the Valley drive intersection is the busiest in Syracuse. Can you image restaurant the same owner since 1954? I have been going to the restaurant since about the opening ( and yes I am old ) The have two dinning rooms and nice kitchen. Parking lot (2) Seating about 90 people. The important fact about this and other restaurants how did they do during the pandemic? I will tell you the sales here was over $900,000. The pizza and takeout restaurants where staged for success, they had takeout business figured out. I have to believe with a chef owner this would be even a bigger winner.Stop in for dinner you might want to buy nice operation !

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Property Features and Assets:

The restaurant has been open since 1954, I can't say much more, but I can tell you my experience as a foodservice consultant new owner typically experience a 20 % increase in sales. The good operator is able to hold the sales.

Market Competition and Expansion:

You might be able to do some catering or a foodservice trailer but not much need to do more Great spot now, breakfast?

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is not 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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