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Pizzeria / Spanish Restaurant For Sale
Location New York,United States
Asking Price Range < $250K
Gross Revenues $120000
Net Profit / Cash Flow $20000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2002
Number of Employees 4 - 5
Inventory 80000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training Yes.
Reason for Sale Moving out of state.
Description For sale is a Pizzeria/Spanish restaurant. Born out of love and passion within the neighborhood of Morris Park, the making of this business is truly a Bronx tale. It has become a staple business after 10 years of quality service to nearby hospitals and schools. The business is still viable, with an opportunity for more profit centers making it a worthy investment. The business sells classic Italian and Spanish cuisine adored by many patrons. Peak hours are throughout the day and evening due to very apetitious (hungry) hospital staff.
For sale are the lease, all inventories, equipment, fixtures and vendor's list. The lease is $2150 at an increase of $50 with 8 years remaining. Water is $250 every 3 months and garbage is $50 per month. The space is 1200 square feet with basement for offices and dry storage. $40,000 was recently spent on renovations to seating and fixtures. The owner has a very good relationship with the landlord who is waiting to speak with all buyers. The landlord still favors food businesses.
Due to personal matters, the owner is not hands on as diligently as he would prefer. He is looking to move out of state and would like to put his business in good hands.
The asking price is $90,000 with the option to amortize with half money down.
A viewing can be scheduled to discuss all items to be sold. Let's talk it over. Call the broker Paul at 646-737-3537. Thanks for your time and take care.
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