Available

65 Year Old Pizzeria Recently Renovated Asking $225K. 15 Year Lease. Very Busy Shopping Center

$225.000

  • 60 Views
  • Sep 06, 2022
  • College Point, New York

 
 
Financial Information
Gross Sales $728.000
Asking Price $225.000
Net Cash Flow $103.800
Property Information
Category Retail Restaurants Full Service - Diners - Pizzeria Or Specialty
Business Name Angelo's Pizzeria Restaurant
Gross Sales $728.000
Name 65 Year Old Pizzeria Recently Renovated Asking $225K. 15 Year Lease. Very Busy Shopping Center
Headline Absentee Newly Renovated QUEENS PIZZERIA in Busy Shopping Center
Description

A PIZZA MAN CAN MAKE HIS MONEY BACK IN 1 YEAR!!! Queens Pizzeria located in North Queens in a very busy PRIME shopping center with CVS, Dunkin Donuts, and many other stores.  Perfect situation for a Pizza Man living in Queens to get their own business without breaking the bank.  There has been a Pizzeria at this location since 1956.  The previous owner ran it for 63 years and finally retired.  Current owner has zero experience but renovated the whole space adding a new pizza oven and kitchen.  The rent is $6,600 a month and they have a 15 year Lease.  The Lease, Equipment, and Location alone are worth the $225,000 we are asking.  Thousands of houses and businesses right infront of you business.  Total of 5 employees.  Owner only goes to pickup supplies when they run low.  That's it.  Open only 6 days.  Closed Monday.  Open Monday and net an extra $50,000 minimum a year!!!

Call Bob Patel at 917-642-6400 for More Info.

Overview
Property ID: 12121
Type: Retail Restaurants Full Service - Diners - Pizzeria Or Specialty
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