Business For Sale

Attractive Restaurant Pizzeria w Liquor License

Sussex County , NJ
Sussex County


Asking Price: Annual Revenue:
$365,000 $925,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Attractive Restaurant Pizzeria w Liquor License Broker: Ron Cervelli
Owner Financing is Available!
Is available to a qualified buyer with an appropriate down payment.

Quick Facts

Asking Price: $365,000
Annual Revenue: $925,000
Net Profit: Not Disclosed
Cash Flow: $150,000
Total Debt: Not Disclosed
FF&E: $220,000
Real Estate: Not Disclosed
Year Established: 1960
Employees: 7
BBN Listing #: 19943909
Broker Reference #: REST593

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Business Overview:

Must see this attractive Restaurant Pizzeria business which includes liquor license. This successful restaurant offers multiple venues, as a restaurant, pizzeria and pub with a gross yearly income of $925,000 and a solid net yearly income. The owner is retiring after many years with this high-volume restaurant business which includes use of a valuable consumption liquor license. The business is located on an active County Road of Sussex County, New Jersey. This is an outstanding and modern 4,000 square foot combination Restaurant Pizzeria with multiple venues. The business also has an attractive bar lounge which can be further developed with an increase in hours. It is also a sit-down restaurant that can accommodate 165 plus customers and occasionally serves as a night club with live music & entertainment. The sale includes the use of a liquor license, which presently represents a small percentage of the business gross sales but can be substantially developed with increased hours to attract late night customers. Seller financing is available for a qualified purchaser. This pizzeria has seven employees who are unaware of the pending sale and will remain available post-closing, monthly payroll of approximately $9,200. The business has $3,000 in inventory which in included in the sale. The building has a legal capacity for 165 customers, consists of two levels with a private lounge area and a private room for catering services. The site has substantial private parking for eighty vehicles as per the lease. The business is operational 7 days weekly, hours 11:00 am to 10:00 pm. The sale includes a certificate of occupancy from the municipality and the required state liquor license and city licenses to conduct its day to day business. An existing fifteen-year lease which includes the use of a consumption liquor license, lease terms 1/16/2028 monthly rent is approximately $6,804, rental security of $12,000. Cost per square foot is $22.40. This business assets has a value of approximately $220,000, based on replacement cost. The equipment included in the sale consists of a consumption liquor license, large commercial kitchen, separate prep area, multiple walk in refrigeration and freezer units, walk up counter, POS system, shelving, hand tools and all the required materials to conduct business. The business has been valued at $365,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Liquor license approval is required to purchase this business. Based on the asking price, required down payment and net income this business should supply a consistent return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

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Property Features and Assets:

The business is in Sussex County, New Jersey and on a highly active county road with a substantial demand for this type of business. The facility consists of 4,000 square feet with a seating capacity for 165 customers. The site has multiple levels which serve as a Pizzeria in one section and successful restaurant lounge with private table service. The business also has a separate party room for fifty customers.

Market Competition and Expansion:

No other competitive Pizzeria restaurants are in this general area and seller will supply a non-compete agreement to the purchaser. No other competitive Pizzeria restaurants are in this general area and seller will supply a non-compete agreement to the purchaser.

Reason for Selling:

The owner is retiring after many years of success.

Additional Details:

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

Documents:

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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