Pizza Parlour Business for sale imagePizza Parlour Business for sale img
Pizza Parlour Business for sale graphic
Listing Number: 3849

Restaurant/Cafe Business for Sale in Queens County, New York

Business:Restaurant/Cafe Business for Sale
County, State: Queens County, New York
Business Type: Pizza Parlour, Restaurant/Cafes, Other Eating & Drinking Places

Summary Description

This operation is an Italian Restaurant and Pizzeria that was built by a restauranteur who knows the food and hospitality business and especially Italian Cuisine. He has hired a chef that is a great cook and a key employee who has done an outstanding job in the eight months that the operation has been in existence. The restaurant so far is developing a great reputation and is increasing its business every week. Unfortunately, the owner's doctor has instructed the owner to divest himself of the business due to his poor health. The new buyer therefore would takeover an operation that has a fantastic opportunity to continue growing and become a very reputable eating establishment. With a 10 year lease and a 5 year option this operation offers an owner a very exciting opportunity.

About the Sale

Asking price:$165,000 (USD)

Financing:$80,000 down and $85,000 @ 6% over 36 months

Total Revenues:$339,097 (USD)

Cash Flow:$68,963 (USD)

Reason Selling:N/A

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