Well Known Pizzeria/Restaurant
| Asking Price: | $795,000 | Inventory: | $10,000 ++ |
| Gross Revenue: | $1,300,000 | Real Estate: | n/a |
| Cash Flow: | $325,000 | FF&E: | $200,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This pizzeria/restaurant is an institution in this busy Bergen County town. It has been at the same location for 32 years. Customers travel from miles away to eat in or take out. Approximately 60% of the business is take-out. The dining room seats 95 comfortably. A major retail/office development with nationally known tenants just opened next door. This is a rare opportunity to acquire a well known pizzeria/restaurant grossing $25,000+ per week with a history of strong earnings.
About the Business
Year Established:1976
Employees:8 full time - 6 part time
Facilities:2800 sq ft free standing building with 2200 sq ft fullly finished basement for storage and food prep. The building was completely renovated 8 years ago. There is parking for 28 cars.
Market Outlook and Competition:Although there is competition in this busy town, this business has been growing and thriving for 32 years and has a reputation for great food, large portions, and reasonable prices. The business does not offer delivery service. They spend very little on advertising and do not promote a profitable catering business.
About the Sale
Management Training and Support:2 weeks
Reason For Selling:Retirement
Seller Financing:$400,000 down (not negotiable). Balance to be financed to qualified buyer.
KEYWORDS: pizza, food, restaurant, cash, pizzeria, pasta
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