Property Details

DESCRIPTION:

• A Hometown Favorite Independent Pizzeria located in Monroe County, NY in operation for over 25 years
• 2,800 total sq. ft. premise with indoor seating for 16
• It has a very loyal cliental and accounts due to its impeccable reputation for taste, service, and prices.
• It does a high volume of business during the lunch hours between 11 AM and 1 PM

There is a delicious menu of specialty pizzas, chicken wings, subs, calzones, sides, salads, desserts, soda, juice, teas, and much more.

• It has an excellent staff of Full and Part Time Employees assisting the owner in the successful operation of the business
• This Pizzeria currently operates 7 days a week in 72 Total Hours
• Net sales for the period July 1,2021 thru February 28,2022 (8 months) were $ 659,164 and are projected to be $ 988,746 for the current fiscal year ending on June 30,2022

ASSETS/FIXTURES/EQUIPMENT: Included in the asking price:

• Equipment, furniture, and Fixtures Fair Market valued at $ 30,000.

• Inventory (Beers, Foods, Dry Goods), valued at Seller’s costs of $ 5,000.

LEASE ARRANGEMENTS:

• Base Rent is $ 2,300 per month plus approximately $ 808 per month in Triple Net Charges
• Current Lease expires in June 2022, with an option to renew

INCOME AND SELLERS DISCRETIONARY EARNINGS (SDE) for Fiscal Year Ending on June 30

Sales:  2021 – $ 973,536    2020 – $ 923,725      2019 – $ 895,285    2018 – $ 909,492

SDE:    2021 – $ 160,573    2020 – $ 165,270      2019 – $ 146,438    2018 – $ 120,489

 PRICE

            The Asking Price is $ 299,500

COMMENTS:

A complete turn-key Pizzeria opportunity that is perfect for an owner-operator with experience in the restaurant industry. Commencing with an Advertising Campaign will increase sales and profits