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Italian Restaurant & Pizzeria
Location: United States -> New York -> New York City Area -> Queens County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Located at the intersection of two busy main roads of an up scale Queens County neighborhood, this side-by-side pizzeria and restaurant are for sale. You will be getting TWO businesses for the price of ONE. The pizzeria has been established for 38 years, of which the past 25 years has been under the same owner. It serves all kinds of pizzas, hot & cold heros, seafood and pasta dinners. The restaurant was added 5 years ago, serving fine authentic Italian cuisine and has a full liquor licence/bar. The restaurant can seat up to 45 people. The facility has 2 full kitchens, one for the pizzeria and the other for the restaurant. In addition to the 2,700 square feet of main floor space, there is a full basement with 2 entrances. There is ample space to create a party room in the basement as well. Great opportunities exists for a new owner to convert this place either into one large restaurant or split it up completely into 2 different eateries. There is ample parking in the back of the restaurant which is a strip center with other stores. With yearly gross sales of $800,000 and generating over $275,000 of cash flow, this very profitable restaurant & pizzeria is for sale for a reasonable $475,000. Terms might be possible for the right buyer with restaurant experience. Please contact the broker for more information.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $800,000
Cash Flow:   $276,100
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1970
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

Photos

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Italian Restaurant & Pizzeria Photo 1




Print Listing Id: 70082635
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New York Businesses For Sale > New York Franchises For Sale > New York Business Brokers



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