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  • Listing No.: 200-20938

  • Category: Food - Restaurant

Asking Price $399,000
Down Payment
Gross Revenue $700,000
Total Adjusted Net Income $214,012
Equipment / Fixtures $50,000
Year Established 2016
General Location
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This restaurant has continued to be very consistent over this last year.   They serve NY style pizza and Mediterranean options too. It is located on main road, close to military bases and the shipyard.  Even for a great location rent is extremely reasonable and has long term options available.  Currently there is a good team in place with a great Chef and Manager.  The owner however does work in the business right now.  There is outdoor seating but that can be expanded as they recently got approved to add a bigger outdoor patio.   There is a good sized dining room, equipment in good shape and has the possibility to add an ABC license.  

Gross Revenue $700,000 Listed Price $399,000
Total Income $214,012 Down Payment
Base Rent $1,086 Square Feet 3000
Total Rent $1,086 Lease Expiration 01/2030
Rent Deposit $1,000 Lease Options 1 option/12 years
Inventory $2,500 Leasehold Improvements $80,000
Equipment / Fixtures $50,000 Other Assets
Full-Time Employees 4 Training Period 2 weeks
Part-Time Employees 1 Special License Required Typical business license
Contract Staff Reason for Selling Other business interests

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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