Successful New York Style Pizzeria In Oceanside
www.GlobalBX.com
Listing ID:
700372870
Listing Title:
Successful New York Style Pizzeria In Oceanside
Quick Link:
http://www.globalbx.com/listing.asp?bId=372870
Industry:
Food and Beverage
Industry Segment:
Restaurants and Fast Food (Non-Franchise)
Country:
United States
State / Province:
California
Area
City:
Asking Price Range:
< $250K
Gross Revenues:
$363,736
Cash Flow:
$96,961
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2020
Number of Employees:
4 - 5
Business Description:
Successful Real New York Style Pizzeria in Oceanside, 2 years new!
Locally Owned and Operated
If owning and operating a Pizzeria sounds like your -thing-, this is a terrific opportunity. It-s a very popular shop offering dine-in, take-out, and delivery service with beer and wine served. Patrons feast on real New York Style pizza, a build your own menu and specialties including cheese rolls, calzone, stromboli, baked subs and even chicken wings. Salads and Italian entrees top off the menu but don-t forget the Canoli and Tiramisu! Quality fresh food is made to order and the shop boasts many 5* reviews.
This pizzeria has enjoyed popularity in NY, OH, KY and WV for over 40 years with the same menus and under the same ownership.
There are 4 part-time employees plus the owners. Two years left on 5-year reasonable lease plus one 5-year option to renew on about 1200 sqft. Plenty of parking in the center conveniently located just off the 76 freeway.
The kitchen is loaded with oven, mixer, walk-in cooler, freezer, 12' hood, salad bar and work space, custom furniture, and lot's more.
The business is priced extremely aggressively to sell quickly as owners have health issues. They opened their doors in January of 2020, survived the pandemic - profitable, even w/o PPP and having to close for two months - and it was their 1st year. Then they proceeded to thrive in 2021. YTD 2022 sales are up about 35% compared to same period 2021 due to the word getting out. Re-Open the salad bar/lunch buffet (closed during COVID) and open on Mondays to grow faster.
Two years of professionally prepared financials are available. FFE value about $40,000. Inventory at least $3,000. A solid 6-figure income well above $100k is possible. 2022 YTD ahead of 2021. Gross Rev/SDE below proforma based. Seeking cash buyer. 2021 Gross: $363,736. SDE: $96,962.78. Price $149,500.
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