Property ID : SPL25.472
For Sale $450,000.00 - Pizza Shop
DESCRIPTION:
- Long standing popular pizzeria located off a major highway in a Historic Village in Hornell, NY
- Operating for 42 years strong
- Owner/operator family-owned business
- 2500 sq feet restaurant space for pizzeria and additional 850 sq feet available for retail as well
- .25 +_ acres, 3 downtown parcels with lot and parking for 8 cars out in back of the business, and plenty of on street parking.
- Opportunity for 5 apartments to be built with proper buildout
- Currently employs 7 people that includes owner
- Hours of business is 5 days a week Tuesday -Saturday 11:30 am – 8:00 pm
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
- FF&E at a fair market value of $60,000
SALE ARRANGEMENTS:
The asking price for Business and property, that includes 800-foot retail space, is $450,000
SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
| 2023 | 2022 | 2021 | 2020 | |
| SALES | $463,748 | $460,269 | $548,995 | $617,021 |
| SDE | $77,562 | $105,589 | $103,896 |
COMMENTS:
A small town with a great opportunity to own a long-standing successful Pizzeria in this historic village.
This is an ideal opportunity for an investor looking to develop mixed use property.
