Midtown Pizzeria for Sale NY-31639

Not Disclosed, NY
New York County


Asking Price: Annual Revenue:
$449,000 $1,716,000

Food & Beverage: Miscellaneous


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RE: Midtown Pizzeria for Sale NY-31639 Broker: Melvin L. Vaz
Owner Financing is Available!
$299,000.00 Down & $150,000 over negotiable terms.

Quick Facts

Asking Price: $449,000
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 #: 44634447
Broker Reference #: 31639

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Business Overview:

High-Volume Pizzeria for sale in Midtown. Major Price Reduction! $33,000/Week in Sales. Absentee ownership. This is a beautifully renovated 1,100 square feet 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 approximately $1,716,000.00 ($33,000/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 $35,000/month. 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 $369,000 to cover the down payment and at least $70,000 for rent security (The current owner has been here for 28 years and only has one month of rent security at $35,000, but the landlord may ask for more from a new, unproven tenant). To learn more, please contact Mel Vaz today. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only! Please use email reply button of this ad to contact us.

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Reason for Selling:

Divesting

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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