Business Overview

Syosset area Pizzeria perfect for a pizza man. Meticulously build out and renovated 2 years ago with no expense spared. A staple in the neighborhood for over 30 years. Seller spends one to two hours each morning in the shop and leaves. Semi Absentee with a solid staff in place. Excellent opportunity for a new owner to take this to the next level. Currently doing $14k a week steady in sales. Fantastic lease with 13 years remaining with real estate taxes, CAM, and carting included at $4,800 a month all in. Full POS system and state of the art camera system. A new owner can expand the menu and increase deliveries outside of Syosset. An owner operator can save an extra $40k-$50k a year and make their money back faster. This is the best area in all of Nassau County.

Call Bob Patel at 917642-6400 for More Info.

Financial

  • Asking Price: $450,000
  • Cash Flow: $173,524
  • Gross Revenue: $700,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Is Support & Training Included:

Seller willing to train new buyer

Purpose For Selling:

Other business interests

Additional Info

The real estate is leased by the business for $4,800 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people decide to sell operating businesses. Nevertheless, the real factor vs the one they tell you may be 2 absolutely different things. As an example, they might state "I have too many various obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might simply be reasons to attempt to conceal the reality of changing demographics, increased competitors, current decrease in revenues, or a variety of various other factors. This is why it is really essential that you not rely completely on a vendor's word, but instead, utilize the vendor's answer along with your overall due diligence. This will paint an extra sensible image of the business's current circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses take out loans so as to cover things like inventory, payroll, accounts payable, and so on. Remember that occasionally this can mean that profit margins are too thin. Numerous companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that have to be fulfilled or might lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location attract new consumers? Most times, businesses have repeat consumers, which develop the core of their day-to-day profits. Certain variables such as brand-new competitors growing up around the location, road construction, and also personnel turn over can affect repeat clients and negatively impact future revenues. One vital point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the better the opportunity to build a returning consumer base. A final thought is the basic area demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? Exactly how might the regional mean family earnings impact future earnings prospects?