Price: $599,000
Location: Nassau, New York
Industry: Pizza
Listing ID: PZZA793
Popular pizzeria in a wonderful area of Long Island, New York with a gross income of $1,300,000 plus discretionary income and a net yearly income of $225,000 to an onsite owner operator. The business has a consistent net yearly income based as a semi absentee owner. The business income represents 70% delivery, pickup and can be increased with an improved marketing campaign. The owner is retiring and will consider owner financing. 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. For Qualifications purposes, this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses.
Listing Details
Revenue: $1,300,000
Cash Flow: $225,000
FFE: $175,000 (Included in Price)
Inventory: $5,000 (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.
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.