Popular pizzeria in a wonderful area of Long Island, New York with a gross income of $1,000,000 plus discretionary income and a net yearly income of $165,000 to an onsite owner operator. The business has a consistent net yearly income based as a semi absentee owner. The business income represents 70% delivery, pickup and can be increased with an improved marketing campaign. The owner is retiring and will consider owner financing. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. For Qualifications purposes, this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses.
- Asking Price:
- $595,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- Cash Flow:
- Real Estate:
- Lease Terms:
Lease and terms, the business transaction will offer a new ten-year lease which will expires 2032-01-01, plus additional options available, with a monthly rent of $8,500, All in, cost per square foot is approximately $80.00 and rent security is required.
- Lease Rent:
- $102,000 per sq ft per annum
This business opportunity is in Nassau County, New York which is a highly populated affluent area on the shore of Long Island.
- Premises Details:
This business facility consists of approximately 1,375 square feet with a clean attractive appearance. This pizzeria is on an active commercial avenue with many other retail businesses. This restaurant has a seating capacity for approximately sixteen customers.
- Size in square feet:
- Expansion Potential:
Regarding growth and expansion, the retail company can be further developed by an onsite owner operator, increasing days of operation, and improving the local advertising. Additionally, the company has a limited non-optimized poor web site and if adjusted can further develop the business yearly gross sales.
- Competition / Market:
Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
- Reasons for selling:
The purpose of this business transaction is due to the owner retirement in the food industry and involvement in an alternative noncompetitive business operation out of the immediate area.
- Trading hours:
Days Hours of operation, this business is active seven days per week, with hours from 10:30 am to 9:00 pm.
- Regarding employees and payroll, this retail company consist of fourteen full & part time employees who are unaware of the pending sale. The payroll is based on a combination of a weekly salary and an hourly basis, and the staff is expected to remain after closing, and the monthly payroll expense is approximately $24,000 which may include a discresionary expenses.
- Years established:
- Support & training:
Training and owner support, the owner is fully prepared to remain post-closing and is prepared to supply an appropriate transitional period to purchaser.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
seller financing and bank financing is available for this transaction to a qualified buyer with an appropriate down payment, collateral, and credit rating.
- Furniture / Fixtures value:
- $175,000 - included in the asking price
- Inventory / Stock value:
- $5,000 - included in the asking price