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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Pizzeria in Mall
(Food & Beverage , Pizzeria)
Rockland County , NY
Listed Price: $ 225,000
Listing ID: PZZA711

Listing DetailsGross Revenue: $ 500,000
Cash Flow: $ 90,000
FFE: $ 145,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The sale is due to the owner’s retirement.


Training & Support:

The seller owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2000
Days & Hours of Operation: Tues.-Sun. 10am-9pm
Non-owner Payroll: $ 8,600
Employees: 6
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 10000
Monthly Rent: $ 7,500
Square Footage: 2500
Facilities:

Wonderful mall location just off the NY Thruway and consisting of various retails businesses. This retail facility consists of 2,500 square feet with a modern and attractive appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Southern New York, Rockland County, which consists of various affluent and highly populated communities with continued demand for this service.


SummaryBusiness Description:

Solid business opportunity for this profitable pizzeria restaurant in a highly active commercial mall in Rockland County, New York. Their menu is shaped by their diversity and the uniqueness of their customers and tastes. Also, 80% of the income represents pizza sales. Pizza is a popular favorite, and they take pride in serving it – using the freshest ingredients and best cheeses available. They love to serve food that makes their customers happy and would never sell what we wouldn’t eat or feed their family! Their goals and visions stem from three key ingredients: Quality, Flavor and Quantity! When dining at their Pizzeria and Restaurant, you will experience a warm friendly atmosphere and food that will make you feel good, satisfied and wanting more! This company has six full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $8,600. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $7,500, cost per square foot is estimated at $36.00 and rent security of approximately $10,000. The business fixed assets has an estimated value of approximately $145,000 which is based on equipment and licensing replacement cost. This modern highly successful restaurant business operation is active Six day per week, Closed Monday with hours from 10:00 am to 9:00 pm. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply an excellent return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

Competitors presently exist in the industry and to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business presently has a limited marketing plan, poor web site, not delivery, no liquor license and if improved can further develop the business yearly gross sales.


Financing/Terms:

Can be available to a qualified buyer.