SBA Pre-Approved Times Square/Midtown East Pizza

New York, NY
New York County


Asking Price: Annual Revenue:
$300,000 $2,300,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: SBA Pre-Approved Times Square/Midtown East Pizza Broker: Ricardo Molina
Owner Financing is Available!
150000.00

Quick Facts

Asking Price: $300,000
Annual Revenue: $2,300,000
Net Profit: Not Disclosed
Cash Flow: $445,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2013
Employees: Not Disclosed
BBN Listing #: 230535879
Broker Reference #: 6842-365416

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Business Overview:

Serving traditional handmade pizza using only the finest and freshest ingredients and offering of specialty and gourmet options served by the slice, chicken 10 ways. Operating out of two landmark buildings on the Avenue and surrounded by a heavily dense residential and highly dense foot traffic commercial area. Bus stop in front of location and subway just steps away.

From open to close traffic is nonstop! Deliveries comprise 65% of the annual gross sales for Midtown East!!! A strong online and social media presence for consumers to make orders at their convenience. Catering offered and can be pushed to the next level. Detailed monthly financials are available upon request.

Times Square location comprises of sales due to foot traffic. Pre-Covid, $3,500-$5,000 per day selling only slices and canned soda!

ALL SALES ARE VERIFIABLE!!! Semi absentee owned and operated. Financials are available upon request!!!

Seller accepting 50% down payment for qualified buyer.

Online Ordering Available & Social Media Presence.

Midtown East Location:
Gross $1.1 M
SDE: $210K
Current Rent Rate: $9,000
FF&E's and Staff Included in sale
15 year lease with options. 11 1/2 years remaining. Landlord pays taxes.

Times Square Location:
Gross: $1.2M
SDE: $235k
Catering can be pushed
16 year lease
50% rent reduction from $9,000 per month thru Jan 2021 ($4,500 per month currently)
Tax Abatement available
Slices and canned sodas sold only at this location in Times Square.
Sales in slices average between $3,500-$5,000 daily.

Each location has been operating as a pizzeria for over 25 years. Corp sale, trademark, etc. available for both locations. Each can be purchased separately without trademark.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Premises has been a pizzeria for over 3 decades. The business was established 2013.

Reason for Selling:

Personal

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.

Relevant Links:

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