Price: $425,000
Location: Nassau, New York
Industry: Pizza
Listing ID: PZZA824
Wonderful location for this highly popular pizzeria in an active affluent area of Long Island, New York with a gross income of $1,200,000 and a substantial net yearly income, plus discretionary income to an onsite owner operator. The business has a consistent net yearly income based as a semi absentee owner. The operation represents 70% delivery, pickup and can be increased with an improved marketing campaign. The owner is retiring and will consider owner financing with a reasonable down payment. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. The business fixed assets have an estimated value of approximately $125,000 which is based on the cost of the original buildout and replacement expense, representing equipment, licensing, tangible & nontangible values. The accurate value of the assets will be identified during the allocation period. This transaction consists of a fully equipped commercial retail operation, which includes, required municipal & state licenses, web site, social media venues, shelving, POS system, tables, computer, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request.
Listing Details
Revenue: $1
Cash Flow: $175
FFE: $125,000 (Included in Price)
Inventory: $2,000 (Included in Price)
Reason For Sale:
The purpose of this business transaction is due to the owner retirement in the food industry and involvement in an alternative noncompetitive business operation out of the immediate area.
Training & Support:
Training and owner support, the owner is fully prepared to remain post-closing and is prepared to supply an appropriate transitional period to purchaser.
Operation
Year Established: 1985
Days & Hours of Operation: Days Hours of operation, this business is active seven days per week, with hours from 10:30 am to 9:00 pm.
Owner Hours Per Week: absentee
Employees: Regarding employees and payroll, this retail company consist of fourteen full & part time employees who are unaware of the pending sale. The payroll is based on a combination of a weekly salary and an hourly basis, and the staff is expected to remain after closing, and the monthly payroll expense is approximately $24,000 which may include a discresionary expenses.
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Monthly Rent: 8,500
Type of Location: Commercial Avenue
Square Footage: 1500
Relocatable?: Yes
Facilities Information:
This business opportunity is in Nassau County, New York which is a highly populated affluent area on the shore of Long Island. This business facility consists of approximately 1,375 square feet with a clean attractive appearance. This pizzeria is on an active commercial avenue with many other retail businesses. This restaurant has a seating capacity for approximately sixteen customers.
Summary
Competition:
Regarding competition, to the best of our knowledge, 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:
Regarding growth and expansion, the retail company can be further developed by an onsite owner operator, increasing days of operation, and improving the local advertising. Additionally, the company has a limited non-optimized poor web site and if adjusted can further develop the business yearly gross sales.
Financing/Terms:
seller financing and bank financing is available for this transaction to a qualified buyer with an appropriate down payment, collateral, and credit rating.
