Pizzeria-Restaurant - 32075

Albany, NY
Albany County

Albany Street

Asking Price: Annual Revenue:
$119,000 $400,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Pizzeria-Restaurant - 32075 Broker: Joe Stansky
Owner Financing is Available!
80,000.00 Down & $39k over 2 years @ 5%

Quick Facts

Asking Price: $119,000
Annual Revenue: $400,000
Net Profit: Not Disclosed
Cash Flow: $40,000
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 5
BBN Listing #: 96714447
Broker Reference #: 32075

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Business Overview:

Large pizzeria-restaurant on main road Albany street with great visibility. Fully equipped. Can be converted to any style restaurant. Free standing building with 40 car parking lot. Seats 55 customers with 70 customer capacity. 2400 square feet with 2000 sq. ft. 8-foot basement. Remodeled three years ago. Two big walk-in boxes-cooler and freezer. Was formerly on site of large chain restaurant. Being Sold as asset sale. Business breaking even due poor language and management skills of on-site manager for absentee owner after he lost his working partner. Offering partial menu for eat in, pick-up and delivery, uber eats etc. New $40,000 brick oven. No liquor license now- opportunity for buyer. Catering to health dept., hospitals and colleges. New owner can operate this large free-standing remodeled space as any kind of casual eating establishment. Cost owner over $220,000 (including new kitchen) three years ago to build out and renovate. New Owner can add full liquor license or Beer and wine license to add to profitability. Looking for experienced operator to take this ready to operate renovated space on main road. Retain, expand or change menu. Contact broker Joseph Stansky for more details at 631 383 3109. ASSETS ONLY SALE

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Reason for Selling:

Lost managing partner

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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