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Asking Price$375,000
Revenue$900,000 EstablishedUndisclosed
Cash Flow$125,000 Employees7 part-time
FF&E$150,000 FranchiseNo
Inventory$7,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Spacious Pizzeria and Restaurant in a Major Shopping Center. Established 8 years ago, the current owner has been reducing his involvement over the years as he has several other investments he is now focusing on. He is only there approx. 3 days /wk. This location is in a major north shore, Suffolk County shopping center with over 200 parking paces. It is a spacious 2,850 sq. ft. (with a partial 450 sq. ft. bsmt.) and offers 65 seats with 6 booths in the front of the store and a private dining room in back with seating for over 50. The back room is also used for private parties. There are 12 yrs. (2 10) left on the current lease at a rent of $6,500/mth (incl. CAM and taxes). They currently average approx. $17K/wk in sales with gross sales of approx. $900,000.00 in the past year (60% pizza and 40% other dishes)(approx. 33% take-out, 31% delivery, only 16.5% in the dining room and the rest is quick-serve in the front) and a net profit of approx. $125,000.00 (conservatively). They have a beer and wine license. The business is fully staffed with an owner who acts mainly as a greeter and manager. There are 5 kitchen staff and 5 front end staff with a total payroll of approx. $6,000/wk. A full time owner/operator could definitely reduce that payroll. We are seeking a serious and financially qualified buyer with at least $375K in liquid funds to cover the asking price plus additional rent security. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.  Attention Business Owners:We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
Training/Support:The seller will train the new owner.
Seller Financing:$375,000.00 Down and Possible for a well-qualified buyer.
Sale Reason:Other investments.
Ad #98785
Seller Reference #30469
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Melvin L. Vaz
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