2 Neighborhood PIZZERIA's, 1 WITH Property. Sold as a package only
Business Description
Both stores have been operating for over 25 years. They are a fixture in their communities, with a solid reputation for quality and value.
Great locations in the main shopping area of the towns.
The towns have major retail businesses, that generate high shopping traffic all day from the towns and neighboring towns.
Surrounded by high density residential homes and apartments, schools and commercial and health service businesses.
Both towns are attracting young professional families with children, due to proximity to NYC.
One store is operated absentee and the other has an owner/operator.
Fantastic opportunity to purchase 2 stores that generate over $500K in Net Income and a valuable property with over 7% cap rate.
Great locations in the main shopping area of the towns.
The towns have major retail businesses, that generate high shopping traffic all day from the towns and neighboring towns.
Surrounded by high density residential homes and apartments, schools and commercial and health service businesses.
Both towns are attracting young professional families with children, due to proximity to NYC.
One store is operated absentee and the other has an owner/operator.
Fantastic opportunity to purchase 2 stores that generate over $500K in Net Income and a valuable property with over 7% cap rate.
About the Business
- Years in Operation
- 33
- Employees
- 20
- Facilities & Assets
- Both stores are fully equipped pizzeria's with full kitchens.
All equipment is in good working order.
Both locations are in high visibility locations with 64 and 32 seats respectively.
Rental for each store is as follows.
Store with property, 1,871 SF, 10 year lease $6,000/month with 3% annual increases. Real state Taxes $1,000/Month.
Second store, 2,200 SF, with 10 year lease $6,500/Month with 3.5% annual increases. Real Estate Taxes $8,000 annually. - Market Outlook / Competition
- Both stores have solid consistent sales band are fixtures in their respective neighborhoods.
Strong slice sales due to proximity to the town schools. - Opportunities for Growth
- Major upside to develop catering corporate accounts and increased delivery, with strong social media initiative, online advertising and menu distribution.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
About the Sale
- Seller Motivation
- Retiring
- Transition Support
- Owner will train and support buyer.
All key staff are long term employees.
Listing Info
- ID
- 2280111
- Listing Views
- 2417
Attached DocumentsAttachment Disclaimer
Listing ID: 2280111 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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