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#3468
Phoenix

Highly Successful NY Style Pizza and Pasta Business For Sale

$200,000
Sold
Highly Successful NY Style Pizza and Pasta Business For Sale
This Listing is Sold

ABOUT THE BUSINESS: SellingRestaurants is proud to bring you an attractive and nearly new New York style pizzeria that's making money NOW!  The restaurant is priced to sell fast!  It is selling for 1.6 times 2011 adjusted net income (August 1 2010 - July 31, 2011). This business is highly successful and sits in a AAA location with high volume foot traffic as well as a monument sign on a major street.  It is positioned near other businesses that attract a continued flow of return customers. It has an open kitchen where the pizza's are made along with a beautiful build-out and display area. And the PIZZA IS TRUELY GREAT!

REVENUE AND PROFIT: This Pizzeria utilizes a combination of revenue streams including sit down dining experience, take-out and delivery. The owner claims last year’s adjusted gross profit of $112,800!  This has not been verified by the Broker and the buyer should perform their own due diligence to verify the result and not rely upon the representation made by the Seller or Broker.

THE EQUIPMENT: There is a Class 1 and Class 2 hood system in the kitchen.  This store is only a couple years old and the equipment is in excellent condition including four Marsal Pizza ovens to handle high volume. There is extensive equipment in this sale, perfect for efficient pizza operations and display to your customers.  All equipment is in use to support current operations.

LEASE: With approximately 2,300 Sq. Ft., there is plenty of space to serve existing and new customers with seating for 60 inside and 20 outside.  This is an ideal choice for being in business on day one and making money. 

REASON FOR SELLING: Family relocating back to New York.

GET THE NAME AND ADDRESS: To get the name and location, select the orange button "contact agent" below.

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Phoenix
Lease Term:
Expires August 2015 + 5 year Option
Total Monthly Rent:
$8,358
Security Deposit:
$7,500

Financials

Last Year's Annual Gross:
$892,229
Last Year's Owner's Cash Flow:
$112,912
Last Year's Food Cost %:
35
Last Year's Payroll Cost %:
26.8

Operations

Liquor License:
12
# of Full-Time Employees:
5
# of Part-Time Employees:
18
# of Family Employees:
1
Hours Open:
Opens 10:30am. Closes 9pm weekdays and 10pm weekends.
Year Established:
2009
Hood System Type 1:
Yes

Facilities

Indoor Seating:
60
Outdoor Seating:
20
# of Parking Spots:
large
Inside Sq. Ft.:
2300
Outside Sq. Ft.:
400

Highlights

  • Attractive New York Style Pizzeria
  • Priced to Sell!
  • Adjusted Gross Profit of $129,900
  • Ideal Location with Excellent Foot Traffic
  • Seating for 60 Inside and 20 Outside
  • Grab this Opportunity Quickly!

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 3-mi. 5-mi
2014 Total Population 40,369 216,641
Households 3-mi. 5-mi
2010 Number Of Households 16,978 75,631
2010 Persons Per Household 2.23 2.67
Median House Value $214,100 $202,168
Income Per Household $66,416 $64,456
Businesses 3-mi. 5-mi
2009 Number Of Businesses 942 5,606
2012 Number Of Employees 30,890 242,214
2012 Total Annual Payroll $683,517,000 $4,294,967,295

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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