Pizzeria & Restaurant for Sale in NY-31612

Not Disclosed, NY
Kings County


Asking Price: Annual Revenue:
$349,000 $1,140,000

Food & Beverage: Miscellaneous


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RE: Pizzeria & Restaurant for Sale in NY-31612 Broker: Melvin L. Vaz
Owner Financing is Available!
$349,000.00 Down & Possible for a financially qualified buyer with good credit and collateral.

Quick Facts

Asking Price: $349,000
Annual Revenue: $1,140,000
Net Profit: Not Disclosed
Cash Flow: $150,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 9
BBN Listing #: 39054447
Broker Reference #: 31612

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Business Overview:

Gorgeous Pizzeria & Restaurant. Absentee Owner. Only open 6 days/week. This is a spectacular location in the heart of northern Brooklyn with the same owner for the past 11 years. No expense was spared in the build-out and it shows. It must be seen to be appreciated. Even better, they have a good product and solid sales. They are closed on Mondays. In the past year the business has been averaging gross sales of approximately $25,000/week or $1.3 mil with a net profit of approximately $205,000. There are 10 years left on the current lease at a rent of $9,000/month for a spacious 2,200 Square Feet. There are 45 seats for patrons and a beer & wine license. A full liquor license can be easily obtained. The business is fully staffed with 9 Full Time employees, including a manager. The current owner has another full-time business and is rarely ever there. He is selling the currently operating business, lease and assets for $349,000. We are seeking a serious and financially qualified buyer with at least $275,000 in liquid funds. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

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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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