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#1059
San Francisco East Bay Restaurants For Sale

Well established New York City Pizzeria Restaurant

$289,000
Well established New York City Pizzeria Restaurant
This Listing is Expired
You are sitting down with friends for lunch and dinner in a New York City Pizzeria - that is how you'll feel when you enter this restaurant! These New York native owners have done a great job recreating the atmosphere and the taste of New York! It established a solid reputation in the area for great food and has a faithful client�le. Located in a high traffic center, this business has averaged over $680,000 in sales for the last 4 years!! A consistent performer with 4 years left on the lease with one 5 year option. The store has 2500 square feet with a well equipped kitchen and dining room covered with memorabilia. If you are looking for a consistent profitable business, or just long for a bit of New York, this is the place to look at! Take the next step and select one of the orange buttons below to get the name and location and more photos.
This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
San Francisco East Bay Restaurants For Sale
Lease Term:
Expires Nov 30, 2011+ 5 yr option
Total Monthly Rent:
$4,568
Security Deposit:
$5,000

Financials

Last Year's Annual Gross:
$670,000
Last Year's Owner's Cash Flow:
$104,611
Last Year's Food Cost %:
30
Last Year's Payroll Cost %:
25

Operations

Liquor License:
41
# of Part-Time Employees:
18
# of Family Employees:
2
Hours Open:
4 - 9 for dinner
Year Established:
2002
Hood System Type 1:
Yes

Facilities

Indoor Seating:
66
# of Parking Spots:
30
Inside Sq. Ft.:
2,500

Highlights

  • WELL ESTABLISHED NEW YORK STYLE PIZZERIA
  • FREE STANDING BUILDING IN HIGH TRAFFIC AREA
  • SEATS UPTO 66 PEOPLE INSIDE
  • VERY CLEAN AND COMFORTABLE INSIDE
  • ANNUAL GROSS AVERAGED $680,000 LAST 4 YEARS
  • 2500 SQ.FT
  • MONTHLY SALES OVER $55000
  • MONTHLY RENT $4568
  • 4 YEAR REMAINING ON THE LEASE WITH 5 YEAR OPTION
  • WELL KNOWN IN THE NEIGHBORHOOD
  • BIG APPLE ATMOSPHERE
  • SBA PRE-APPROVED with 20% down @ 8% or less for 10 years

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 5-mi
2014 Total Population 60,744
Households 5-mi
2010 Number Of Households 21,433
2010 Persons Per Household 2.68
Median House Value $251,646
Income Per Household $73,588
Businesses 5-mi
2009 Number Of Businesses 760
2012 Number Of Employees 27,070
2012 Total Annual Payroll $572,186,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.

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