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Business For Sale

PIZZERIA & ITALIAN RESTAURANT FOR SALE

Attn: Thomas Patterson
Morris County, NJ, USA
Listing Number: "11469 Patterson"
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Asking Price: $175,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Restaurants, Fast Food, Deli  
Reason for Selling: owner is retiring
Year Established: 1965
# of Employees: 6 Part Time
Yearly Revenues: $300,000
Yearly Cash Flow: $65,115
 

Business for Sale Overview:

This restaurant has served fresh pizza, specialty sandwiches and fine quality Italian style food for 43 years from a busy main street location with off-street parking. The premises include a convenient eat-in area (18 seats) for fast lunches plus a separate dining room (24 seats) for relaxed and comfortable dining. Two full basements lie under the two adjoining dining areas. The kitchens include one 10-burner stove, one 6-burner stove and a 12-pie Baker’s Pride oven. All of this space is available at a low rent of $2,500 per month. The landlord has agreed to add a five-year option to the existing 2-year plus 5-year option lease, so you can plan a total of 12 years with a new lease. The business currently operates 5.5 days per week without any catering, so there is plenty of potential to grow the business. Deliveries represent 20% of the total business. The owner’s retirement brings this excellent opportunity to the market.


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