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Pizzeria Restaurant In Manhattan For Sale

Manhattan, New York, US
Asking Price:
$375,000 (USD)
Sales Revenue:
$1,664,000 (USD)
Cash Flow:
$144,000 (USD)

A new more hands-on owner could turn this semi-absentee run Pizzeria Restaurant on Manhattan's UES into a gold mine. The current owner basically comes in for a few hours a day to keep an eye on things for his two silent partners. You should be able to trim his payroll expense of $10K/week for 12 full-time (including 5 delivery guys) and 4 part-time workers, should you yourself be experienced in this business and be willing to be somewhat more hands-on. In-store sales account for 2/3 of the gross, of which 60% are on credit card and 40% in cash -- all recorded on a POS system. The other 1/3 of the gross comes from internet delivery orders, all of which are verifiable. This Pizzeria Restaurant stays open until 2am Sunday throughThursday and until 5am on Fridays and Saturdays to take advantage of the local and civil bar scene in this upscale neighborhood. You will find 900 sq ft with plenty of seating at street level and a similar amount of space in the clean dry basement, which is used for some prep and storage, as well as containing two walk-ins, a small office, and lockers for the employees. The owner is confident that the landlord will extend the 6 years left on the lease to at least 8 and probably more. Please do not say anything to the employees and customers, when checking out this location, as they do not know it's for sale. Then, kindly contact the listing broker, Jay Goldman, to make an appointment to meet with the owner to ask some questions and get a full tour of the facilities.

Property Information

Real Estate:

Lease

Business Operation

Reasons for selling:

Retirement

Employees:
16

Other Information

Support & training:

Yes

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

300,000.00 Down & $75K in seller financing at 6% over 18 months is available to qualified buyers.

Furniture / Fixtures value:
$250,000 (USD)
Inventory / Stock value:
$25,000 (USD)

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