Property ID : WSD24.220/SPL25.260
For Sale $178,400.00 - Pizza Shop, Restaurant
- A beautiful Pizzeria and Italian Restaurant with Wood-Fired Oven in operation since 2009
- Located in the East Side of Monroe County NY
- 1900 total sq. ft. dining, bar, and kitchen area with Indoor seating for 56
- Has a loyal cliental due to its impeccable reputation for taste, service, and prices.
- A delicious menu of appetizers, soups, salads, gourmet pizza and pasta dishes, and desserts.
- Large selection of Wines, Beers, Mixed Drinks, Cordials, Coffees, Teas, and other fine beverages.
- Fully staffed with a General Manager, 3 Full Time and 6 Part Time Employees assisting the Absentee-Owner in the operations
ASSETS/FIXTURES/EQUIPMENT: Included in the asking price:
- Equipment, furniture, and Fixtures Fair Market valued at $ 101,000.
- Inventory (Wines, Beers, Foods, Dry Goods), valued at Seller’s costs of $ 10,000.
- Current Lease has a base rent of $ 2,887.36/month plus approximately $ 875/month in Triple Net charges and ends on September 30, 2020. There is an option to renew for an additional 5 years at a Base Rent of $ 3,176.89/month.
SALES AND SELLERS DISCRETIONARY EARNINGS (SDE)
- Sales: 2018- $525,924 2017- $ 552,819 2016- $ 590,647 2015- $ 546,280
- SDE: 2018 – $80,711 2017 – $ 130,813 2016 – $ 147,911 2015 – $ 115,160
The Asking Price has been lowered to is $ 178,400.
A complete turn-key restaurant opportunity perfect for either an owner-operator or as an investment for an absentee-owner.