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Pizzeria In New York County For Sale

New York County, New York
Asking Price:
$360,000 (USD)
Sales Revenue:
$1,128,000 (USD)
Cash Flow:
$180,000 (USD)

Besides the endless variety of home-made pizzas offered here by the slice or pie, this dine in, take out, and internet delivery Italian restaurant offers soups, heroes, baked pastas like manicotti, ziti, ravioli, lasagna, and eggplant rollatini with spaghetti. Its chicken, veal and seafood dishes are divine. Plus, the restaurant has a bar with a full liquor license. The rent for 1,500 sq ft at street level and 1,000 sq ft in the basement is just $14,500/month, inclusive of real estate tax. It's located on a major avenue in a high-end mixed residential and commercial neighborhood near midtown Manhattan. The new luxury high rise building that just went up across the street from it should boost revenues and profits for years to come. The restaurant and bar seat over 60 customers at a time. Internet delivery orders provide about a third of the revenues, with phone delivery & take out about 10%; the rest is from food, wine, and spirits sold in-store. The landlord stands ready to round up the lease to 10 years from the 8 remaining. After serving this community for 18 years, the owner is ready to retire and move out of state. He may be willing to offer some seller financing to qualified buyers. Please do not say anything to the employees or the customers, as they don't know the business is for sale,.Kindly then contact the listing broker, Jay Goldman, at either, if you would like to meet with the seller to ask some questions and receive a full tour of the facilities.

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Business Operation

Reasons for selling:

The seller would like to retire and move out of state

Employees:
9
Years established:
18

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$150,000 (USD)
Inventory / Stock value:
$15,000 (USD)

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