Established 24-hour Deli and Pizzeria in Times Square/Midtown
Listing Details
- Down Payment: $1,750,000
- Sales: -$2,400,000
- Seller's Discretionary Earnings: $0
- Inventory: $200,000
- Furniture, Fixtures, and Equipment: $500,000
- Rent: $24,800
- Employees: 9
- Year Established:
- Reason for Selling: other business opportunities
Business Description
Rare opportunity to acquire a long-established, family-operated deli and pizzeria with a history spanning approximately six decades. Located in the highly active Times Square/Midtown area, the business benefits from exposure to a diverse mix of tourists, office workers, students, families, residents and other visitors.
The business operates 24 hours a day and offers a broad selection of popular products, including pizza, deli foods, grocery products and drinks. Sales are generated through both walk-in customers and delivery, providing multiple sources of business throughout the day and night.
An established operation with an experienced workforce and a broad customer base, the business provides a strong platform for a new owner. The location and existing concept also offer opportunities to expand catering and large-order business, develop a stronger destination concept and add additional product categories, subject to licensing and applicable requirements.
The sale includes the established business, substantial furniture, fixtures and equipment, and saleable inventory. The current owner is also prepared to provide approximately 30 days of training to help ensure a smooth transition.
An exceptional opportunity to acquire an established food-service business in one of Manhattan's most recognizable and active commercial areas, with an established customer base and significant potential for continued growth.