Italian Restaurant Pizzeria In Queens For Sale

Business description

Located at the intersection of two busy main roads of an up scale Queens County neighborhood, this side-by-side pizzeria and restaurant are for sale. You will be getting TWO businesses for the price of ONE. The pizzeria has been established for 38 years, of which the past 25 years has been under the same owner. It serves all kinds of pizzas, hot & cold heros, seafood and pasta dinners. The restaurant was added 5 years ago, serving fine authentic Italian cuisine and has a full liquor licence/bar. The restaurant can seat up to 45 people. The facility has 2 full kitchens, one for the pizzeria and the other for the restaurant. In addition to the 2,700 square feet of main floor space, there is a full basement with 2 entrances. There is ample space to create a party room in the basement as well. Great opportunities exists for a new owner to convert this place either into one large restaurant or split it up completely into 2 different eateries. There is ample parking in the back of the restaurant which is a strip center with other stores. With yearly gross sales of $800,000 and generating over $275,000 of cash flow, this very profitable restaurant & pizzeria is for sale for a reasonable $475,000. Terms might be possible for the right buyer with restaurant experience. Please contact the broker for more information.

Franchise terms

Great reputation. Repeat customer base. Busy intersection. Upscale neighborhood that spends money. Pizzeria has been established in the same location for 38 years of which 25 years under the current owner. Two kitchens, one for the pizzeria and the other for the restaurant, can be split up into 2 independent eateries; or one can knock down the wall and make it one large pizzeria/restaurant. The restaurant was added 5 years ago, and is currently used for parties and dinner only. Full liquor bar. You get 2 businesses for the price of 1. Over 2,700 square feet of space and a full basement for storage and/or another party room.

Property information

Real Estate:

Lease

Other information

Support & training:

Owner will train.

Reasons for selling:

Personal

Financing available:

475,000 down & Terms possible for the right and qualified buyer.

Furniture / Fixtures value:

$100,000 (included in the asking price)