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Pizzeria And Restaurant In Kings County For Sale

Kings County, New York, US
Asking Price:
$349,000 (USD)
Sales Revenue:
$1,140,000 (USD)
Cash Flow:
$150,000 (USD)

Gorgeous Pizzeria & Restaurant. Absentee Owner. Only open 6 days/wk. This is a spectacular location in the heart of northern Brooklyn with the same owner for the past 11 years. No expense was spared in the build-out and it shows. It must be seen to be appreciated. Even better, they have a good product and solid sales. They are closed on Mondays. In the past year the business has been averaging gross sales of approx. $25k/wk or $1.3 mil with a net profit of approx. $205K. There are 10 years left on the current lease at a rent of $9,000/mth. for a spacious 2,200 Sq. Ft. There are 45 seats for patrons and a beer & wine license. A full liquor license can be easily obtained. The business is fully staffed with 9 F/T employees, including a manager. The current owner has another full-time business and is rarely ever there. He is selling the currently operating business, lease and assets for $349K. We are seeking a serious and financially qualified buyer with at least $275K in liquid funds. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Business Operation

Reasons for selling:

Divesting

Employees:
9FT
Years established:
2010

Other Information

Support & training:

Seller will train

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

349,000.00 Down & Possible for a financially qualified buyer with good credit and collateral.

Furniture / Fixtures value:
$150,000 (USD)
Inventory / Stock value:
$10,000 (USD)

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