Business Summary:
This is a rare opportunity to acquire a chain of 4 New York City Pizzeria/Restaurants with a very well-known brand for delicious pizza & food. All 4 are highly profitable with excellent locations and good leases in the HEART of Manhattan. The network enjoys a strong following and most of the stores have been operating for years with steady, repeat business. They also have a fair amount of corporate accounts. These are high volume locations that are run with strong managers in each store. The owners manage the managers and are also involved in other businesses. New, more hands on ownership can duplicate the success and grow the business even further. These high volume locations combined generated 2013 revenue of $6,600,000 for the 4 locations with owner’s adjusted net earnings of $975,000!! Approximately 30% of sales are delivery. This chain has it all; great brand, high volume, high margins, high net earnings, beautiful build-outs, very busy NY City locations, long-term leases and owners who will hold a note payable for a qualified buyer. Please refer to listing number 11917 when inquiring about this opportunity.
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