Thriving Midtown NYC Pizzeria - 31639

Not Disclosed, NY
New York County


Asking Price: Annual Revenue:
$499,000 $1,716,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Thriving Midtown NYC Pizzeria - 31639 Broker: Melvin Vaz

Quick Facts

Asking Price: $499,000
Annual Revenue: $1,716,000
Net Profit: Not Disclosed
Cash Flow: $257,500
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 69104447
Broker Reference #: 31639

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Business Overview:

High-Volume Pizzeria for sale in Midtown. Major Price Reduction! $33K/Wk in Sales. Absentee ownership. This is a beautifully renovated 1,100 sq. ft. store with seating for 40. They have non-stop foot traffic and a simple menu. The business is mostly quick serve and delivery. 90% of sales come from slices and soda. A new owner can add this to the business if they are hands-on. In the past year, this business grossed approx. $1,716,000.00 ($33k/week in sales), with a net income of approx. $257,500.00. This business has 10 years remaining on the current lease at a rent of $35k/mth. The current owner is looking to sell, as he owns several other businesses and is divesting. This is a great deal that will not last. We are seeking a serious and financially qualified buyer with at least $499K to cover the asking price and at least $70k for rent security (The current owner has been here for 28 years and only has one month of rent security at $35K, but the landlord may ask for more from a new, unproven tenant). To learn more, please call or email Mel Vaz today at 877-735-5224 or melvaz@vestedbb.com.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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Additional Details:

  • The property is owned.
  • 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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