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Business For Sale
OUTSTANDING PIZZERIA RESTAURANT WITH GREAT FOOD
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Asking Price: |
$450,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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Retirement after many successful years |
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Year Established:
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1960 |
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# of Employees:
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6 |
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Yearly Cash Flow:
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$150,000 |
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Yearly Gross Income:
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$720,000 |
Business for Sale Overview:
An outstanding Pizzeria Restaurant business centrally located in an upscale area of Morris County, New Jersey. This is a forty year old, successful business which generates high volume sales with a solid yearly net income of $150,000. The facility is in a free standing with a large private parking lot and on a busy county road. The present menu is basic for a pizzeria yet the owner also does some catering. The business income can be improved with an updated marketing plan and by introducing a delivery service. The present owner is retiring and will finance the sale and supply an option to purchase the real estate property, which is available through our real estate division.
Property Features and Assets:
A free standing restaurant facility consisting of 2,100 square feet with an indoor seating capacity for approximately 82 people and additional outdoor seating for 10. The Seller will provide a new 10 year lease with a 5 year additional option. The seller will also provide an option to purchase the real estate property. The real estate purchase is available through our real estate division. Ample private parking is included in the lease. A consumption liquor license used in the business is also available for purchase at an additional cost.
Market Competition and Expansion:
No other Pizzeria restaurants exist in the general area. By adding a delivery service the sales can be further increased.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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