A well established and reputed Pizzeria for Sale - 20 yrs in Business
Brooklyn, NY
| Asking Price: | $549,000 |
| Gross Revenue: | $1,200,000 |
| Rent: | $8,300/Month |
| FF&E: | $50,000 |
| Cash Flow: | $240,000 |
| Inventory: | $10,000 |
| EBITDA: | $200,000 |
| Established Year: | 2000 |
Listing ID: 2233090Listing provided by BizBuySell
BUSINESS DESCRIPTION
Italian Style Pizzeria with a Kitchen - 20 years in business
Prospect Pizza an Italian Style Pizzeria with a Kitchen located at the corner of Flatbush and Rutland since the year 2000. The current owner acquired the business in the year 2020 and increase the revenue by 25%. The Pizzeria was completely renovated with an additional expense of almost $100K. It's one of the finest Pizzeria in the Brooklyn neighborhood.
DETAILED INFORMATION
Location
Brooklyn, NY
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,500
Lease Expiration
30/04/2035
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The lease agreement has 10+5 years option. Effective May 1, 2020 to April 30, 2035.
Competition
It's a well-developed area which is very close to Prospect Park. Tremendous opportunity for the operator who can spend time at the location.
Growth & Expansion
The hands-on owner can definitely bring in lots of improvement in the business. Inventory control and staff management is the key for any successful business.
Financing
none
Support & Training
All of my staff members are very well trained and experienced. Most of them would like to work with a new owner. However, after the Aquisition if our help is needed, we can offer our services for a couple of weeks.
Reason for Selling
Personal- Family situation
Home-Based
This business is Home-Based
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