Semi-Absentee Pizzeria in Manhattan - 31266

Not Disclosed, NY
New York County


Asking Price: Annual Revenue:
$375,000 $1,664,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Semi-Absentee Pizzeria in Manhattan - 31266 Broker: Jay Goldman
Owner Financing is Available!
$300,000.00 Down & $75,000 in seller financing at 6% over 18 months is available to qualified buyers.

Quick Facts

Asking Price: $375,000
Annual Revenue: $1,664,000
Net Profit: Not Disclosed
Cash Flow: $144,000
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 16
BBN Listing #: 28594447
Broker Reference #: 31266

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Business Overview:

A new more hands-on owner could turn this semi-absentee run Pizzeria Restaurant on Manhattan's UES into a gold mine. The current owner basically comes in for a few hours a day to keep an eye on things for his two silent partners. You should be able to trim his payroll expense of $10,000/week for 12 full-time (including 5 delivery guys) and 4 part-time workers, should you yourself be experienced in this business and be willing to be somewhat more hands-on. In-store sales account for 2/3 of the gross, of which 60% are on credit card and 40% in cash -- all recorded on a POS system. The other 1/3 of the gross comes from internet delivery orders, all of which are verifiable. This Pizzeria Restaurant stays open until 2am Sunday throughThursday and until 5am on Fridays and Saturdays to take advantage of the local and civil bar scene in this upscale neighborhood. You will find 900 square feet with plenty of seating at street level and a similar amount of space in the clean dry basement, which is used for some prep and storage, as well as containing two walk-ins, a small office, and lockers for the employees. The owner is confident that the landlord will extend the 6 years left on the lease to at least 8 and probably more. Please do not say anything to the employees and customers, when checking out this location, as they do not know it's for sale. Then, kindly contact the listing broker, Jay Goldman, to make an appointment to meet with the owner to ask some questions and get a full tour of the facilities. Please contact us for further information.

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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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