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Pizzeria And Italian Restaurant Price Reduction For Sale

Long Island City, New York, US
Asking Price:
$105,000
Sales Revenue:
$720,000
Cash Flow:
$95,000

This well-established family-owned Pizzeria and Italian Restaurant focuses on fresh gourmet brick oven pizza and homemade pasta and Italian family hospitality. In addition to pizza, their extensive menu includes fried calamari, fried fish, mussels, soups, salads, sandwiches, calzones, panini wraps, seafood, and more. They provide catering services for parties or events and take-out / delivery through Slice, GrubHub, Seamless, and UberEats.

This Pizzeria and Italian Restaurant facilities are approximately 1200 SF which includes a full basement plus an 800 SF Patio area. The inside dining area can accommodate approximately 12-15 people. The outside patio area can accommodate 40+ people. The facility includes a brick oven, full kitchen and prep areas, walk-in refrigerator and freezer, and beverage case. The staff is dedicated and well trained, providing high quality customer service.

They are open 7 days week, Monday – Sunday. Located in a friendly neighborhood area with nearby hotels, businesses, schools, and parks.

Seller will provide hands-on training to ensure a smooth transition.

For more information, please contact:
• Asking Price: $105,000
• FF&E: $30,000 (included in price)
• Annual Cash Flow: $95,000
• Gross Revenue: $720,000
• Inventory: $8,000
• Employees: 3 FT 2 PT
• Monthly Rent: $4,850
• Security Deposit: $13,500
• Down Payment: Negotiable
• Open: 7 Days a week
• Building Size: 1200 SF with Full Basement Plus an 800 SF Patio
• Established: 2013

Reason for Selling: Owner is moving.

Property Information

Real Estate:

Lease

Location:

Single location - Long Island City, NY

Size in square feet:
2,000

Business Operation

Expansion Potential:

There is plenty of room for growth and expansion.

Reasons for selling:

Owner is moving.

Employees:
5
Years established:
2013

Other Information

Support & training:

Owner will provide training and support.

Furniture / Fixtures value:
$30,000
Inventory / Stock value:
$8,000

Contact Inbar Group, Inc.

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