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Asking Price$800,000
Revenue$1,430,000 Established2000
Cash Flow$400,200 Employees12 full-time
FF&E$50,000 FranchiseNo
Inventory$5,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
After 17 years, the mostly absentee-owner of this Very Profitable Brick Oven Pizzeria is finally ready to sell. Another experienced pizzeria owner will realize right away that this place is a gold mine and that he can turn it into even a greater success by being more hands-on. The pizzeria is located at a Prime Manhattan location with plenty of foot traffic 24/7. There are 18 Years Left on the Lease, which is unheard of in such a desirable section of town. The rent escalates at just 3% annually. In-store sales account for 2/3 of the business, internet delivery orders the other 1/3. In addition to the likes of GrubHub,Seamless, Simple Menu, and Eat24, this pizzeria has its own app for internet delivery orders, which to saves on the fees the others charge. Payroll consists of 12 full-time employees, of which 6 are delivery guys. Open until 2am on Thursdays and 4am on Friday and Saturdays, it's safe to say that this place attracts a late night crowd in this young and affluent neighborhood. It also delivers pies to corporate accounts, local schools and a major hospital nearby during the daytime. Do be very discreet when visiting this location, as the employees and customers do not know it is for sale. Then, kindly contact listing broker Jay Goldman should you have any questions and would like to make an appointment to speak with the owner. Please call 1-877-735-5224 for further information.
Training/Support:The seller will train the new owner.
Seller Financing:$800,000.00 Down and Seller financing may be available to very qualified buyers
Sale Reason:The seller is retiring from the pizzeria business.
Ad #92156
Seller Reference #28629
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Jay Goldman
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