Unique Pizza Lounge with Full Liquor License Queens County 32451

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Pizzeria and Bar Restaurant in Queens New York
Asking Price:
$165,000

Gross Revenue:
$520,000
Cash Flow:
$110,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$7,000
not included in asking price

FF&E:
$100,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Unique concept pizzeria & lounge with a full liquor license. Located in a densely-populated area of Queens, this location is fully equipped with a full kitchen, including grill, pizza ovens, fryers, and more. The space is 1,500 sq. ft. with seating for 25 and a full basement including walk-in boxes. What is unique is that they have a full liquor license until 4 AM. You can keep the current concept or turn this into more of a bar & lounge with food. There are 8 years left on the current lease, with a monthly rent of $3,200/mth. (very fair for this area). The business is fully-staffed. That does not include the part-time owner. The business is currently averaging $12-13k/week in sales with a projected net cash flow of $110k this year. You must visit the location. We are seeking a serious and financially qualified buyer with at least $100k in liquid funds to cover the down payment. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be made by appointment only!

We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

About the Business

Location:
Queens County, New York

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Listing Info

ID:
1648131
Ad Detail Views:
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Business Listed by

Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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