Profitable Pizzeria & Restaurant For Sale Long Island City

Price: $195,000

Location: Long Island City New York

Industry: Food and Restaurants

Listing ID: 07142020

Profitable Pizzeria & Restaurant For Sale Long Island City

This busy, family owned Pizzeria and Italian Restaurant has been thriving due to a robust takeout and delivery business. The owner takes pride in his daily preparation of a wide variety gourmet pizzas and homemade Italian specialties.  The highest ingredients are used in all dishes and pizza! The Menu is extensive including, soups, salads, sandwiches, calzones, paninis, wraps, burgers, and more. Facilities have an ATM machine, Freezer for ice cream, refrigerated soda case. The inside dining area can accommodate 12-15 people and the back patio can set 20+. This pizzeria is located in Long Island City in a friendly high traffic neighborhood area with nearby hotels.

They are open Monday – Sunday 11am to 10pm.

This business is priced to sell with a highly motivated seller. For more information please contact me [email protected]

• Asking Price: $195,000
• FF&E: $30,000 (Included in the Asking Price)
• Annual Cash Flow: $105,000
• Gross Revenue: $720,000
• Inventory at Cost: $8,000
• Employees: 3 Full-Time 2 Part-Time
• Monthly Rent: $4,850
• Security Deposit:$13,500
• Down Payment: Negotiable
• Open 7 Days week 11am-10pm
• Building Size: 1200 sq ft main, Full Basement, 800 sq ft Patio
• Reason for Selling: Owner is Moving

Listing Details

Gross Revenue: $720,000

Cash Flow: $105,000

FFE: $30,000

Inventory: $8,000

Reason For Sale:

Owner is Moving.

Training & Support:

Will provide training.

Operation

Days & Hours of Operation: Monday - Sunday 11am -10pm

Non-Owner Payroll: $20,000

Employees: 5

Location

Security on Lease: 13500

Monthly Rent: 4850

Square Footage: 2000

Summary

Potential Growth:

Plenty of potential Growth