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High Volume Pizzeria & Rest - Absentee Owned For Sale

Kings County, New York, US
Asking Price:
$349,000
Sales Revenue:
$1,196,000
Cash Flow:
$208,000

High Volume Pizzeria & Restaurant. Absentee Owner. Only open 6 days/wk. The ideal business in the current market. This is a spectacular location in the heart of northern Brooklyn with the same owner for the past 13 years. No expense was spared in the build-out and it shows. It must be seen to be appreciated. Even better, they have a good product and solid sales. They are closed on Mondays. In the past year the business has been averaging gross sales of approx. $23- 25k/wk with a net profit of approx. $208K for an absentee owner. There are 10 years left on the current lease at a rent of $9,000/mth. for a spacious 2,200 Sq. Ft. There are 45 seats for patrons and a beer & wine license. A full liquor license can be easily obtained. The business is fully staffed with 9 F/T employees, including a manager. The current owner has another full-time business and is rarely ever there. He is selling the currently operating business, lease and assets for $349K. We are seeking a serious and financially qualified buyer with at least $249K in liquid funds. The seller will hold a note for a buyer with a personal guarantee, good credit and collateral. To learn more, please call, text or email Mel Vaz today. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

If interested, please contact the seller through the form on this page.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-31612 for instant access to this business information.

Business Operation

Reasons for selling:

Divesting

Employees:
9FT
Years established:
2012

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

249,000.00 Down & $100 K over 3 years at 6% for a buyer with a personal guarantee, good credit and collateral.

Furniture / Fixtures value:
$150,000
Inventory / Stock value:
$10,000

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