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Price Reduction of Very Profitable Pizzeria on Long Island for Sale
Listing Number: 11578

Location: Long Island
Asking: $699,000
Gross: $1,400,000
Cash Flow: $330,000

Summary Description:

  The seller has just lowered the purchase price by $100,000 for a quick sale. The business is strong, growing and highly profitable with earnings of over $300,000!! This well-known brick oven pizzeria on Long Island is a great opportunity for a buyer to purchase a newly renovated beautiful pizzeria and restaurant in a busy area. The owner has become spread too thin with his other business interests, and has decided to sell the pizzeria after spending over $1,000,000 on the development of its interior. This highly profitable pizzeria has weekly sales of $27,000 and has seating for 65 customers. The place is SO BUSY that they always have a long line for seats and the new owner will have the ability to easily expand the seating to over 100 customers WITHOUT any increase in the current rent. A long term favorable lease exists for this business and they have limited competitors in the area. There is a significant opportunity to expand the business by including deliveries, which the current ownership has not done as well as being able to increase the seating capacity of the restaurant. This pizzeria-restaurant is priced at less than it would cost to build a new and has TREMENDOUS potential to increase the revenue above its current $1,400,000 and earnings will only increase as they are able to accommodate more of their built-in loyal customer base. Please refer to listing number 11578 when inquiring about this pizzeria.

Contact Information:

Contact: Elaine Iucci, Buyer Coordinator
Phone: 516-626-2211
Email: buyerdept@kensingtoncompany.com

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