Semi-Absentee Pizzeria Restaurant in Ny 31266

Not Disclosed, NY
New York County

Asking Price: Annual Revenue:
$399,000 $1,664,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Semi-Absentee Pizzeria Restaurant in Ny 31266 Broker: Jay Goldman
Owner Financing is Available!
$399,000.00 Down & Please make your best all down offer!

Quick Facts

Asking Price: $399,000
Annual Revenue: $1,664,000
Net Profit: Not Disclosed
Cash Flow: $144,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 3214447
Broker Reference #: 31266

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Business Overview:

A new hands-on owner could turn this semi-absentee run Pizzeria Restaurant on Manhattan's UES into a goldmine. The current owner only comes in to prepare the payroll, order goods for the store, and basically keep an eye on things. 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 be experienced in this business. 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, which are verifiable on monthly statements. This place stays open until 2am Sunday-Thursday and until 5am on Fridays and Saturdays to take advantage of the local 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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