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Pizzeria / Eatery For Sale
Location New York,United States
Asking Price Range < $250K
Gross Revenues $480000
Net Profit / Cash Flow $50000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1989
Number of Employees 6 - 9
Inventory 40000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Yes
Reason for Sale Other business ventures outside USA to commit to now.
Description For sale is a Pizzeria/Eatery. . .
Having been in operation for over 20 years in the East Harlem area, this staple business is viable and can still generate positive revenue and returns for your portfolio.
Up for sale are the lease, the brand name, the fixtures and vendors list. A hands-on owner can easily generate $2000 net profit weekly. It is located along a major thoroughfare near a major cross street, an interborough bridge and U. S. highway exit. Your market footprint can be impressed immediately.
The lease is $4000. It is up for renewal in 2014. There is room to discuss terms with the landlord. Total area is 1600 sq ft., consisting of a street level floor and basement that is equispaced. The basement has storage, offices and cleaning areas. Street level has sales area, seating, product displays, state of the art POS system, and kitchen. Included in lease are utilities (electric and water) and garbage disposal.
The brand has been known since 1989 and is recognized in the community. It is associated with high quality food and customer service. There are promotional themes for its products every day including pizza, fried chicken and burgers. Community outreach consists of pizza eating contests. Since the inception of the Department of Health business grading, this business has received 'A' grades only.
The owner wants to pursue other business ventures outside of the U.S. for now.
The asking price is $195K. There is 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 Paul, the broker at 646-737-3537. Thanks for your time and take care.
Click Here To Contact Seller
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