Downtown Pizzeria For Sale By Owner
Location New York,United States
Asking Price Range < $250K
Gross Revenues $310000
Net Profit / Cash Flow $100000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2010
Number of Employees 1 - 3
Inventory 50000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Yes.
Reason for Sale Owner comes from corporate world he wants to go back to his career.
Description Established Pizzeria in downtown Manhattan for sale by owner. Priced to sell only $179,000. The place is surrounded by schools. The owner had a corporate background wanted to try out to become a business owner. He took over this place 7 months ago but he found out that this is not what he wants to do for the rest of his life. He says ''money is great but this is not for me!'' he wants to go back to what he was doing before this place. Recession free business, 9 more years on the lease, there will be 3% annual rent increase though. Owner financing is available and the owner is motivated. The owner is pretty sure that the next prospect owner would perform and boost up the sales better than him. Nothing to be touched. This is a turn key operation. There are couple more things that can be done with small amount of money to boost the sales. You can get involved personally if you would like to make more money at the end of the year or this place can be absentee owner type of business depending on your needs. If you'd like the place but if you don't have enough funds, the broker will give you some valuable information on where to turn for business funding . Call Ted at (212) 464 7587 for further info.
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