Pizza/Deli/Grill NYC. Prime UWS Location. BOOMING BUSINESS.

Manhattan, NY (New York County)

Seller Financing Available
Pizza/Deli/Grill NYC. Prime UWS Location. BOOMING BUSINESS.

Asking Price:$895,000

Cash Flow:$318,000

Gross Revenue:$2,150,000

EBITDA:N/A

FF&E:N/A

Inventory:$20,000*

Rate/Sq. Ft.:$100.00

Established:1971

*not included in asking price.

Pizza/Deli/Grill NYC. Prime UWS Location. BOOMING BUSINESS.

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Business Description

What an opportunity.
90% DELIVERY.INTERNET GENERATED.
FULLY VERIFIABLE NUMBERS.
Sales on track for an additional $1,000,000 for 2016.
Control food cost and add a few HUNDRED THOUSAND to Net Income.
Major hospitals, colleges, schools and businesses in the area.
Area is changing with many young professional moving into the neighborhood.
Increase efficiency and increase margin.
Currently run semi-absentee. Fully staffed.
Sign and send the attached NDA for more information.
brian@elbrokerage.com.
T:917-834-4063
F: 201-568-5401

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
650
Lease Expiration:
12/31/2026
Employees:
25
Facilities:
650 SF store with full basement. 10 year lease at $5,411/month with 3% increases. Real estate taxes $4,000/year. Fully equipped with multiple pizza ovens, stove, griddle, fryers POS order taking system with printers at all stations. Full basement with prep kitchen, walk-ins and storage. Brand new installation.
Competition:
This restaurant does only delivery and take-out. No seating. Full menu with focus on breakfast, pizza, gyro's and deli sandwiches. Premium food in the neighborhood. Great location on the main avenue close to the largest hospital in NYC, schools, colleges and surrounded by dense residential buildings. The ONLY restaurant in the area that does such high volume of deliveries.
Growth & Expansion:
The restaurant has been in the neighborhood for over 40 years. It moved to the new location in 2014. The high volume of deliveries benefit from a delivery software operating system. This will allow the restaurant to process and deliver MORE orders faster. Owner does consistent mass mailing of menus in the area, building deliveries and catering.. Sales are building and will soon reach $60,000/week.
Financing:
Seller finacing available to qualified and experienced buyer
Support & Training:
Owner will transition.
Reason for Selling:
Retiring

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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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