Family-run Italian pizzeria established for over 30 years. Open 7 days a week for 13 hours a day, easy to manage simple menu offering pasta, grilled fare & pan pizza as well as beer & wine. Low rent and consistent gross revenues of at least 55k/week. Square footage of 3,000 Sq ft plus basement of equal size. Plenty of indoor & outdoor seating with an elegant party white table-cloth room. Outdoor seating is covered and permitted. There is also an area for quick-serve and take/out. Owners are retiring. This restaurant has a great reputation for great reliable service, tasty food and a very clean and nice spot to come and hang out. A new owner can work more hours and increase profitability. Seller will train for up to 2 months. Seller will offer some financing for the right buyer. Rent is $8,200/month, 7 years left on lease and landlord will accommodate a qualified buyer.
- Asking Price:
- $1,499,000 Inventory / Stock included
- Sales Revenue:
- $2,860,000
- Cash Flow:
- $598,000
Business Operation
- Reasons for selling:
-
Retirement
- Employees:
- 6FT/4PT
- Years established:
- 1991
Other Information
- Support & training:
-
Seller will train
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
800,000.00 Down & $599,000 at 6% for 5 years
- Furniture / Fixtures value:
- $100,000
- Inventory / Stock value:
- $10,000 - included in the asking price
