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Busy Pizzeria In Queens For Sale

Queens, New York
Asking Price:
$299,000 (USD)
Sales Revenue:
$884,000 (USD)
Cash Flow:
$150,000 (USD)

Stunning Pizzeria - 80% Delivery. Mint condition. The current owners are only there 5 hrs/day. Located in a densely-populated area of N. Queens, this location was built with all high-end finishes and equipment. There are 18 hotels and 7 schools within 1.5 miles of this location. It is in walking distance from Manhattan. The space is 1,100 sq. ft. with a POS system, cameras, full basement including walk-in boxes, office and even basement A/C. There is also a 1,000 sq. ft. backyard that can be used for outdoor seating. There are 9 years left on the current lease, with a monthly rent of $4,250 (very fair for this area) and 3% annual increases. The business is fully-staffed with a pizza man, two cooks, one prep person, one dish washer and two full-time delivery people. That does not include the part-time owners. The business is currently averaging $17k/week in sales (80% delivery), with a projected net cash flow of $150k this year. You can add beer and wine. The place is fully-equipped with a full kitchen, including grill, custom brick oven for pizza, fryers, and more. You must visit the location- just take a look at the pictures. We are seeking a serious and financially qualified buyer with at least $200k in liquid funds to cover the asking price and three months' rent security. To learn more, please call or email Mel Vaz today. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be made by appointment only!

For more information on this listing.

Broker Info

Melvin L. Vaz

Business Operation

Reasons for selling:

Partnership split

Employees:
7
Years established:
2

Other Information

Support & training:

Yes

Financing available:

200K down & 99K payable over 3 years at 6%

Furniture / Fixtures value:
$300,000 (USD)
Inventory / Stock value:
$5,000 (USD)

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