Pizzeria & Restaurant Grossing 45K Wk - 29628

Not Disclosed, NY
Kings County

Asking Price: Annual Revenue:
$1,399,000 $2,156,682

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Pizzeria & Restaurant Grossing 45K Wk - 29628 Broker: Melvin L. Vaz
Owner Financing is Available!
$900,000.00 Down & $499,000 over 5 years @ 6%

Quick Facts

Asking Price: $1,399,000
Annual Revenue: $2,156,682
Net Profit: Not Disclosed
Cash Flow: $475,238
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 27
BBN Listing #: 43754447
Broker Reference #: 29628

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Business Overview:

Pizzeria & Restaurant Grossing $45,000 per week. This is a landmark location in Brooklyn. The current owner has been here for 30 years. He is ready to retire. This is a very unique 2,000 square feet location with covered, permitted outdoor seating. There is the outdoor seating, a sit down, indoor, white table cloth restaurant, and an area for quick-serve/take-out. There is a simple menu that is easy to manage. In the past year this business grossed approximately $2,340,000.00 ($45,000/week in sales) with a net income of approximately $475,000.00. This business has 11 years remaining on the current lease at only $7,300/month. (including tax & CAM) with only 2% annual increases and an option to renew for a qualified buyer. This is a great deal that will not last. *DISCREET VISITS ONLY. PLEASE DO NOT MENTION THE SALE TO EMPLOYEES* We are looking for serious and financially qualified buyers with experience in the industry and at least $925,000 to cover the downpayment and rent security deposit. If you meet the criteria contact Mel Vaz today or email us.

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Reason for Selling:

Seller will train new owner.

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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