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Italian Restaurant & Pizzeria In Kings County For Sale

Kings County, New York, US
Asking Price:
$1,499,000 Inventory / Stock included
Sales Revenue:
$2,860,000
Cash Flow:
$598,000

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.

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

Contact Vested Business Brokers HQ

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