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Upscale Pizzeria – Brooklyn

Price: $150,000

Location: Kings, New York

Industry: Food and Restaurants

Listing ID: 00076

Excellent upscale Italian restaurant in Brooklyn with an amazing reputation known for its chilled, laid-back, and romantic vibe. Includes a full bar and offers a wide variety of gourmet pizza, authentic Italian cuisine, and mixed drinks. Also hosts private parties and special events upon request.

Listing Details

Down Payment: $90,000

Gross Revenue: $350,000

Cash Flow: $75,000

FFE: $40,000

Inventory: $7,000

Reason For Sale:

Seller is moving out of state.

Training & Support:

Will provide as necessary.

Operation

Year Established: 2010

Days & Hours of Operation: 6 days; Tuesday-Sunday

Non-Owner Payroll: $4,500

Employees: 3 Full Time, 1 Part Time

Location

Security on Lease: 6500

Monthly Rent: $ 3,250

Square Footage: 1500

Facilities Information:

1,500 square feet includes a 900 square foot restaurant inside (seats 32 + 8 bar seats) and a 600 square foot garden outside (seats 50). Also included is a basement used for storage, freezing, and refrigeration.

Summary

Competition:

Very few upscale restaurants in the immediate vicinity and only 1 Italian restaurant nearby.

Potential Growth:

Enormous potential for growth by opening for lunch and starting delivery and catering.