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Busy Pizzeria / Restaurant And Property For Sale
Location: United States -> New York -> All of New York
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)

Business Summary

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.


Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $2,300,000
Cash Flow:   $350,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $1,000,000
Seller Financing:  Yes

About The Business

Year Established:  1982
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale


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Print Listing Id: 700199928
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