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Health Requires Fast Sale Of Pizzeria
Location New York,United States
Asking Price Range < $250K
Gross Revenues $350000
Net Profit / Cash Flow $84000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1990
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training Yes.
Reason for Sale Health forcing sale.
Description The owner of this immaculate pizzeria for sale near a train station is scheduled for major surgery in July and needs to sell FAST. The restaurant seats 24 at marble-top tables and serves a full Italian menu. It has two Baker's Pride Ovens (6 and 4 pies), two stoves (6-burner and 4-burner), Hobart mixer, walk-in fridge, walk-in freezer, four regular fridges (2 soda, 1 in kitchen, 1 desserts), refrigerated salad bar, hot table, deep fryer, grill, slicing machine, 2-yr-old POS (was $5,000) and more. Does deliveries. Serves offices, businesses, residences and schools. One school orders every two weeks and another has this pizzeria cater its events. A new owner could build business by advertising.
Asking Price ($): $99,000
Cash Down ($): $40,000
Gross Revenue/Annual Volume ($): $350,000
Cash Flow/Net Income ($): $84,000
Financing Terms: 5 yrs at 6%
Seller Training and Support: yes
Inventory ($): $5,000
Inventory Included in Price?: yes
Sq. Ft. of Premises: 1,600
Rent/Taxes/CAM ($): $3,000
Security ($): 1 month + 1 month's rent
Increases: About 1% per year. Landlord has not increased rent for past three years.
Lease Expiration: 2020
Lease Options: 5 years
Utilities ($): $1,700/month
Insurance ($): $100/month
Telephone/Cable/Internet ($): $235/month
Employee Payroll ($): $1,800/week
Number of Employees: 3 full-time, 2 part-time.
Year Established: 2003
Current Owner: Since 2007
Parking: public, free after 3 PM.
Days: 7
Hours: Sun-Wed 11-10; Th-Sat 11-11
CONTACT:
GET INFO ABOUT BUSINESS NUMBER >>>> #IR0511 <<<<
GIVE THE BUSINESS ID NUMBER when you leave your message. 718-357-4602. Ask for Lynn.
Click Here To Contact Seller
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