Property ID : DE41.14
For Sale $350,000.00 - Pizza Shop, Restaurant
DESCRIPTION:
- Long-Standing High-Volume Pizzeria located in the Finger Lakes NY area
- Operating almost 10 years
- This pizzeria is a mainstay with summer tourist and locals’ year-round, very popular
- 3,000 square feet of kitchen space and seating for 50 plus with a large outdoor patio
- Menu consists of pizza, wings, calzones, pasta dinners and more
- Very large pickup and delivery business though-out the lakeside area.
- There are 10 part-time employees, and 2 full time.
- Hours of business are Sunday through Thursday from 11am-8pm, Friday and Saturday 11am-9pm
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
- Furniture, fixtures, and equipment at a fair market installed value of $ 65,000
LEASE ARRANGEMENTS:
- The current lease is $ 4,500 a month gross, with options available
SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
| 2023 | 2022 | 2021 | |
| SALES | $1,207,709 | $1,242,737 | $1,292,987 |
| SDE | $ 207,901 | $ 192,365 | $ 197,365 |
PRICE/FINANCING:
- Asking price is $ 350,000 financing available with at least half down
COMMENTS:
This is a great opportunity especially for an owner/operator. Great cash flow with consistent sales year-round. Adding a secondary delivery company will increase volume. Also adding on line ordering or even adding a ghost kitchen can increase revenue even more.
