Asking Price: $175,000
Gross Income: $416,000
Cash Flow: $0
Seller Financing: $50
Great opportunity for a pizza man or owner operator. This updated space is ideal for someone finally looking to go out on their own. The store comes with a 10+ years lease and a low rent of 3,100. The store is only doing $7,000 - $8,000 a week and the owner is never at there. This has caused the payroll to be around 45%. An owner operator can make 70K just by working the store. With a new owner’s personal touch and sweet equity, this business can make 100-150K very quickly. The current owner is will to hold a sizeable not for a correct buyer with pizza/restaurant experience.
The financial information herein has been provided by the seller. East Coast Business Brokers & East Coast Realty Partners or its "brokers"agents" make no claim to have verified this information. We recommend that the buyer conduct his own do diligence and perform the financial verification needed to conclude any due diligence. The buyer understands that they will hold ECS or ECBB harmless of any claims resulting in misrepresentation by the seller.
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