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Businesses For Sale   >>   New York Businesses For Sale   

Health Requires Fast Sale Of Pizzeria

Location  New York City, 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.


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