Bundle Package! 2 Locations! Times Square/Midtown East Pizzaria

Listing Number: 6842-365416

Description

Serving traditional handmade pizza using only the finest and freshest ingredients and offering of specialty and gourmet options served by the slice, chicken 10 ways. Operating out of two landmark buildings on the Avenue and surrounded by a heavily dense residential and highly dense foot traffic commercial area. Bus stop in front of location and subway just steps away.

From open to close traffic is nonstop! Deliveries comprise 65% of the annual gross sales for Midtown East!!! A strong online and social media presence for consumers to make orders at their convenience. Catering offered and can be pushed to the next level. Detailed monthly financials are available upon request.

Times Square location comprises of sales due to foot traffic. Pre-Covid, $3,500-$5,000 per day selling only slices and canned soda!

ALL SALES ARE VERIFIABLE!!! Semi absentee owned and operated. Financials are available upon request!!!

Seller accepting 50% down payment for qualified buyer.

Online Ordering Available & Social Media Presence.

Midtown East Location:
Gross $1.1 M
SDE: $225K
Current Rent Rate: $9,000
FF&E's and Staff Included in sale
15 year lease with options. 11 1/2 years remaining. Landlord pays taxes.

Times Square Location:
Gross: $2M
SDE: $500k
Catering can be pushed
16 year lease
50% rent reduction from $9,000 per month thru Jan 2021 ($4,500 per month currently)
Tax Abatement available
Slices and canned sodas sold only at this location in Times Square.

Each location has been operating as a pizzeria for over 25 years. Corp sale, trademark, etc. available for both locations. Each can be purchased separately without trademark.

Listing Details

  • Price: $300,000
  • Down Payment: $150,000
  • Sellers Discretionary Earnings: $725,000
  • Total Sales: $3,100,000
  • Location: New York County, New York

  • Inventory: $10,000
  • FF&E: $0
  • Employees:
  • Year Established: 2013
  • Reason for Selling: Personal
  • Category: Restaurants
Bundle Package! 2 Locations! Times Square/Midtown East Pizzaria

Business Listed By:

Ricardo Molina