Highly Profitable Astoria Pizzeria for Sale

Astoria, NY (Queens County)

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Asking Price:$225,000

Cash Flow:$250,000

Gross Revenue:$800,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:N/A

Highly Profitable Astoria Pizzeria for Sale

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Business Description

With nearly $800,000 in annual sales, this is a great opportunity to own a busy high volume (low rent) profitable pizzeria & restaurant in the heart of Astoria. The business is very profitable that nets approximately $250,000 and is located on a busy high traffic commercial street surrounded by densely populated residential area. The weekly sales average in the $15,000-$16,000 range. The pizzeria has a great below market rent of only $2,000 per month (600 sq. ft. retail area along with a 1,100 sq. ft. basement that has a full kitchen, prep-area, and walk-ins) with 8-years remaining on the lease! The restaurant does a healthy delivery business and has a great balance of commercial and residential customers. This is a turn-key opportunity with a full kitchen, professional bakers pizza oven and a staff of 11 (6 kitchen & 5 delivery workers). This pizzeria/restaurant represents a great opportunity to grow an already established well-known location. Seller has owned the business for over 2 years and is looking to focus on his other food business located in a different borough. This business is a GREAT OPPORTUNITY for an easy low cost conversation (optional) in to an approved top brand pizza franchise, providing an even more profitability from franchise marketing and potential resale value of this business.
The business is listed at a bargain sale price of only $225,000, a substantial discount to the start-up cost. You have to see it to believe the offer of a lifetime. For additional information contact Dave Nagar 917-929-6194! www.ceobrokers.com

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Dave Nagar

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Dave Nagar

CEO Business Brokers Inc.

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