NY Pizza Restaurant with Real Estate on Magazine St in New Orleans

Description

Duran Advisors presents this iconic pizzeria and bar for sale with real estate in Uptown New Orleans Louisiana This business operates from a high visibility corner on Magazine Street and Napoleon Avenue and includes both a full service restaurant and bar under the same ownershipThis family owned institution has been in continuous operation for over 45 years and is the oldest pizza parlor in Orleans Parish Known for its authentic New York style pizza and Italian fare the business has earned a loyal customer base spanning generations It benefits from an established reputation strong repeat clientele and consistent revenue performance With no freezers or fryers on site all products are fresh and the restaurant is uniquely positioned on the Uptown Mardi Gras parade route generating additional seasonal revenue that typically offsets insurance and property tax costsThis is an ideal acquisition for an experienced operator or restaurant group seeking a well established brand in a premier New Orleans location The space is also well suited for a buyer looking to expand with a multi unit concept develop a franchise or increase revenue through greater owner involvement marketing or delivery platforms The locations scale and configuration support future expansion and strategic growth initiativesThe current owners a father and his twin sons operate the business but are not present during all hours The primary owner is retiring and exploring new opportunities creating an opening for a new buyer to step in and take full advantage of the locations visibility and reputation The business is fully staffed with one employee having over 20 years of tenure who is willing to stay on post saleReal estate is for sale for 1 point 4 million dollars and has been captured with a Matterport Virtual Reality 3D scan The VR scan is available to fully disclosed buyers for review The building consists of approximately 4275 square feet of mixed use space including approximately 3533 square feet of restaurant space and a 742 square foot upstairs apartment The business including all FF and E and inventory is for sale for a reasonable offerThis opportunity qualifies for bank financing and the right buyer could enter with as little as 10 percent down potentially recouping their investment quickly A 26 page CIM available for fully disclosed buyers and a 3D scan is available