*Absentee* Upper East Side Pizzeria $40K a Week

New York, NY
New York County

Asking Price: Annual Revenue:
$595,000 $2,000,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: *Absentee* Upper East Side Pizzeria $40K a Week Broker: Henry Galasso

Quick Facts

Asking Price: $595,000
Annual Revenue: $2,000,000
Net Profit: Not Disclosed
Cash Flow: $250,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 15
Employees: Not Disclosed
BBN Listing #: 995235273
Broker Reference #: 11611

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Business Overview:

This absentee Pizza Shop on the Upper East Side doing $40,000 a week is an amazing opportunity for anybody that wants to make money. This 1,700 square feet shop with a full basement was newly renovated about a year and a half ago, and a new owner needs not spend a dollar for the next 10 years. Located on the Avenue surrounded by tons of commercial and residential traffic. The rent is only $22,000 which is way below market value for such a large space. Owner goes in for only 1 hour a day! A hands on operator can easily get this store doing more sales in no time. Business is roughly 70% pizza and 30% from the kitchen.

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Reason for Selling:

Other Business Interests.

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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