Busy Money-Making Midtown East Pizzeria - 28670

Not Disclosed, NY
New York County


Asking Price: Annual Revenue:
$150,000 $845,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Busy Money-Making Midtown East Pizzeria - 28670 Broker: Jay Goldman

Quick Facts

Asking Price: $150,000
Annual Revenue: $845,000
Net Profit: Not Disclosed
Cash Flow: $142,000
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 6
BBN Listing #: 93494447
Broker Reference #: 28670

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Business Overview:

This Busy Money-Making Midtown East Pizzeria with Huge Upside has been in business since 1972. The seller is exhausted after being on his feet and working long hours in this and other pizzerias over the past 25 years, during which time he put three kids through college. The asking price of just $150,000 factors in the possibility that you might want to hire a manager should you prefer to work less and that the front end of the store could use a face-lift. You can dramatically increase this pizzeria's internet delivery business, which now only accounts for about 15% of its sales. The seller is doing little to nothing in the way of advertising and social media. How about establishing corporate accounts with the many offices that surround this shop, many of which already order daily over the phone? The $142,000 in cash flow represented here is what the seller would be making right now had the brand new 10 year lease that the landlord stands ready to offer you already kicked in. Please have excellent credit and a background in either pizzerias or other food service business, in order to pass muster with the landlord's application process. You will find 750 square feet at street level that includes the pizza oven, serving counter, glassed enclosed displays, refrigerated storage, a seating area, and full kitchen with roof venting in the rear of the store. There is a half-basement that is currently not in use, but could be. There is so much upside here! Do be very discreet when visiting the location, as the employees and customers do not know it's for sale. Kindly then contact the listing broker, Jay Goldman, should you have any questions and would like to make an appointment to meet with the owner to get a tour of the facilities.

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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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