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Asking Price$399,000
Revenue$1,664,000 EstablishedUndisclosed
Cash Flow$144,000 Employees12 full, 4 part
FF&E$250,000 FranchiseNo
Inventory$25,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
A new hands-on owner could turn this semi-absentee run Pizzeria Restaurant on Manhattan's UES into a goldmine. The current owner only comes in to prepare the payroll, order goods for the store, and basically keep an eye on things. You should be able to trim his payroll expense of $10K/week for 12 full-time (including 5 delivery guys) and 4 part-time workers, should you be experienced in this business. In-store sales account for 2/3 of the gross, of which 60% are on credit card and 40% in cash -- all recorded on a POS system. The other 1/3 of the gross comes from internet delivery orders, which are verifiable on monthly statements. This place stays open until 2am Sunday-Thursday and until 5am on Fridays and Saturdays to take advantage of the local bar scene in this upscale neighborhood. You will find 900 sq ft with plenty of seating at street level and a similar amount of space in the clean dry basement, which is used for some prep and storage, as well as containing two walk-ins, a small office, and lockers for the employees. The owner is confident that the landlord will extend the 6 years left on the lease to at least 8 and probably more. Please do not say anything to the employees and customers when checking out this location, as they do not know it's for sale. Then, kindly contact the listing broker, Jay Goldman, to make an appointment to meet with the owner to ask some questions and get a full tour of the facilities. Please call 1-877-735-5224 for further information.
Training/Support:Yes
Seller Financing:399,000.00 Down & Please make your best all down offer!
Sale Reason:Retirement
Ad #104305
Seller Reference #31266
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Vested Business Brokers
Vested Business Brokers
877-735-5224
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