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High-Volume Pizzeria for sale in Midtown. Major Price Reduction! $33K/Wk in Sales. Absentee ownership. This is a beautifully renovated 1,100 sq. ft. store with seating for 40. They have non-stop foot traffic and a simple menu. The business is mostly quick serve and delivery. 90% of sales come from slices and soda. A new owner can add this to the business if they are hands-on. In the past year, this business grossed approx. $1,716,000.00 ($33k/week in sales), with a net income of approx. $257,500.00. This business has 10 years remaining on the current lease at a rent of $35k/mth. The current owner is looking to sell, as he owns several other businesses and is divesting. This is a great deal that will not last. We are seeking a serious and financially qualified buyer with at least $499K to cover the asking price and at least $70k for rent security (The current owner has been here for 28 years and only has one month of rent security at $35K, but the landlord may ask for more from a new, unproven tenant).
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