Pizzeria For Sale
Location New York,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1800000
Net Profit / Cash Flow $580000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1977
Number of Employees 6 - 9
Inventory 600000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Description This well-known Pizzeria-Restaurant in the heart of Nassau County is the perfect opportunity for a buyer looking for a highly profitable business with low overhead and a great Long Island location. The owner has recently become ill and is looking to sell the profitable business immediately. Its affordable rent, excellent earnings and 40 years of customer loyalty in the same location makes this an excellent opportunity. They are located in a busy neighborhood shopping center with Rent LESS than 6%. A long term lease is available and this low rent of ONLY $5,500 per month for over 4500 square foot offers tremendous potential for a new more aggressive buyer to expand the business. They have a private party catering room which easily accommodates parties of 120 guests. With a proven track record of sales of $1.8M and earnings of $580,000 the seller's loss is the buyer's gain at only $1,500,000. The Seller will hold a note for a qualified buyer. Please refer to listing number 11549 when inquiring about this business.
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