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Business For Sale

PRICE REDUCED - High Volume Pizza/Deli

Essex County, NJ

Food & Beverage: Restaurants, Fast Food, Deli

Business For Sale
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$358,000
$798,000
Not Disclosed
$221,555
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1991
5
55612979
Owner Financing is Available!
6% seller note payable over 4 years

Business Overview:

This is a high volume, 20 year landmark in a busy downtown location, serving breakfast, lunch and dinner, the most complete food offering in the area. They are famous for their 28” pizza pies (16 slices) and cheese steaks, with the total business evenly split between deli/sandwiches and pizza. Ideally located directly across from a multi event entertainment center (200 events a year) and being situated in a downtown location near colleges and office buildings, they are busy all day into the evening serving office workers, college students and event patrons and workers. Construction for two new hotels began last summer bringing construction workers to the area. The business will grow as the downtown continues to be revitalized. Mother and son currently work the business but due to mother’s failing health, she can no longer run the business. She wants to retire after 20 years in the business. This is an excellent opportunity for an experienced operator or family operation. Business is offered at $358,000 with a down payment of $235,000 and the seller will finance the $123,000 balance over 4 years. For more details call Paul Holveck at Executive Business Brokers, 908-851-9040 x277.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

1,400 square feet facility with a corner location in a high traffic downtown area street parking

Market Competition and Expansion:

Competition - Business has the most complete food offering in the area Expansion - Business area is being revitalized which will add new condominiums, themed bars, and mixed retail establishments, providing new customers

Reason for Selling:

Owner retiring – husband passed away

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Resources: