MUST SELL: Beautiful Pizzeria

Business Summary:
This well-known brick oven pizzeria on Long Island is a great opportunity for a buyer to inherit a newly renovated building in a profitable area. The owner has become spread too thin with his other business interests, and has decided to sell the pizzeria after spending over $1,000,000 on the development of its interior. The restaurant currently consists of three storefronts at 2,400 square feet, but the pizzeria is so busy that the owner has been forced to add a fourth storefront and renovate the space to 3,200 square feet. Once completed, the pizzeria will have space for over 100 customers, making this location stand out even more among its Long Island competition. A long term lease is available for this property at fewer than 10% of sales, and with no brick oven pizza competitors in the area, there is a significant opportunity to expand the business by including deliveries, which the current ownership has not done. As part of a new and ever-expanding shopping center on a busy Long Island road, this pizzeria is priced at less than it would cost to build a new restaurant. With revenue of $1,400,000, earnings of $475,000, and a built-in loyal customer base, this opportunity is truly the buyer’s gain.