Italian Pizza Restaurant for sale without name

Location: New York, New York County, New York

Primary Category: Retail - Restaurants
Secondary Category: Retail - Other Eating & Drinking Places
Your Reference ID: 477

Financial Information
Asking: $525,000
Gross: 1350000
Cash Flow: $200,000

Summary Description
We are selling the key to the restaurant. New 10-year lease has been negotiated starting at 11k per month. Rent ramps to 12,775 in third year of the lease, then 3% increases thereafter. Pizza ovens and full kitchen. Restaurant currently does 26k per week. Approximately 2000 square feet, with a large loft that is suitable for private parties, PLUS an outdoor cafe that does not pay rent to NYC. Price is negotiable.

General Information
Facilities: Approximately 2,000 square feet on main level. Loft area above that provides ample space for private parties. Located on the east side in the 20's.
Growth and Expansion: Continue market in the neighborhood
Reason Selling: Retirement
Year Established: 2004
Employees: 19 ft &pt, 6del

Contact Information
Contact: Steve Lovas
Phone: 914 552 0888
Email: slovas@chandalar.com