Busy Pizzeria / Restaurant And Property For Sale

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Listing ID: 700199928

Listing Title: Busy Pizzeria / Restaurant And Property For Sale

Quick Link: http://www.globalbx.com/listing.asp?bId=199928

Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: New York

Area All of New York

City:

Asking Price Range: $1.0M - $2.5M

Gross Revenues: $2,300,000

Cash Flow: $350,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1982

Number of Employees: 20 - 34

Business Description:
A very busy profitable Pizzeria-Restaurant AND Property is for sale located in an affluent community on Long Island. This is a Landmark Location AND the real estate is also being sold. The business averages $45,000 per week which is about $2.3M per year. BOTH the business and the property are being sold for LESS than $2M. The buyer will purchase a well-established 30+ year old restaurant that for LESS than the value of the property. The property is 10,000 square feet on a perfect square at 100 by 100 lot. The 7,000 square foot building has been very well maintained, has 6 updated HVAC units, a roof in good shape and even has 2 rental tenants. The pizzeria-restaurant has it ALL; Included in this sale is the busy profitable restaurant with seating for 200, 3 private party rooms, low real estate taxes AND is an INCOME PRODUCING Property. This property has an AAA location on a very busy road in a happening area of an affluent community. The restaurant is very well known in the area. The buyer can operate the business as is or completely change the concept for the buyer will ALSO own the real estate property. WHY pay RENT when you can OWN the property for LESS than the monthly rent. This is a rare opportunity to own a large piece of real estate in a very wealthy town on Long Island, that is home to three different businesses as well as the highly profitable restaurant that can easily accommodate sales of $60,000 to $70,000 per week. It would take much more than $1,995,000 to duplicate such a package and would be very hard to find a comparable opportunity at any price on Long Island. Please refer to listing number 11643 when inquiring about this opportunity.



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