Established Turn Key Pizzeria/Money Maker in Growing Area
| Asking Price: | $800,000 |
| Gross Revenue: | $1,500,000 |
| Rent: | $7,400/Month |
| Established Year: | 1988 |
| Cash Flow: | $250,000 |
| Inventory: | $30,000 |
| FF&E: | $75,000 |
N.Y. Style Pizzeria/Italian Restaurant in business for over 35 yrs.
This is an established local and Tourist favorite food/pizza destination with a great reputation in both food and service, Located near downtown. This is a rare opportunity to purchase a full-service, turn-key, and successful restaurant & bar
operation which is being offered for sale at $750,000. Business features Full Service Dining, Carry Out and Delivery Service. The business sale includes all leasehold improvements including a Type 1 hood, New Triple Deck XLT Pizza Oven, furniture, All restaurant equipment, smallware’s, POS system and $30,000 in inventory at close of escrow.
The landlord is willing to extend the existing lease for a negotiated period of time
during escrow. This restaurant offers both dine-in, delivery and take out options for
customers, full-service kitchen area and restrooms. The restaurant continues to experience year to year sales increases despite the reduced days and hours of operation. The gross revenue increases annually by approximately 10% from previous years with a current average daily sale for indoor & take-out and delivery ranging between $4,500 to $8,000 per day. Both hours and days in operation could easily be expanded to dramatically increase business revenue.
Currently there is a #12 liquor license.
Owner is selling for personal/health reasons but is willing to train new owners/staff for a negotiated period of time.
Seller MAY also consider holding Note given sufficient cash Down reached. An NDA will be required for full disclosure of financials and location.
