Established Pizza Restaurant for sale 30K weekly. Absentee ownership
Business Description
Mike's Pizza is a well-established pizzeria strategically located at 1016 Route 9 in Parlin, NJ, serving the Old Bridge community since 2013. This thriving restaurant generates impressive annual revenue of $1.5 million with strong cash flow of $180,000, demonstrating consistent profitability and market demand.
BUSINESS HIGHLIGHTS:
• High-traffic location on busy Route 9 corridor with excellent visibility
• Diversified revenue streams: dine-in, takeout, and delivery services
• Strong weekly revenue averaging $30,000
• Loyal customer base built over 11 years of operation
• Absentee ownership model allowing operational flexibility
• Upcoming Amazon Fresh store next door expected to drive additional foot traffic
OPERATIONS:
The restaurant operates with a team of 10 employees and features a fully equipped commercial kitchen with well-maintained appliances valued at $350,000. The business maintains an established online presence through mikespizza.com and serves both local residents and commuters along the high-traffic Route 9.
GROWTH OPPORTUNITIES:
Significant expansion potential exists in lunch business and enhanced dine-in services. The prime location offers ample parking and easy accessibility, positioning the business for continued growth.
FINANCIALS:
• Annual Revenue: $1,500,000
• Cash Flow: $180,000
• FF&E Value: $350,000
• Inventory: $10,000
• Asking Price: $499,000
This turnkey operation represents an excellent opportunity for an investor seeking a profitable, established restaurant business in a growing market. The seller is motivated due to other business interests, making this an ideal acquisition for someone looking to enter the food service industry or expand their restaurant portfolio.
BUSINESS HIGHLIGHTS:
• High-traffic location on busy Route 9 corridor with excellent visibility
• Diversified revenue streams: dine-in, takeout, and delivery services
• Strong weekly revenue averaging $30,000
• Loyal customer base built over 11 years of operation
• Absentee ownership model allowing operational flexibility
• Upcoming Amazon Fresh store next door expected to drive additional foot traffic
OPERATIONS:
The restaurant operates with a team of 10 employees and features a fully equipped commercial kitchen with well-maintained appliances valued at $350,000. The business maintains an established online presence through mikespizza.com and serves both local residents and commuters along the high-traffic Route 9.
GROWTH OPPORTUNITIES:
Significant expansion potential exists in lunch business and enhanced dine-in services. The prime location offers ample parking and easy accessibility, positioning the business for continued growth.
FINANCIALS:
• Annual Revenue: $1,500,000
• Cash Flow: $180,000
• FF&E Value: $350,000
• Inventory: $10,000
• Asking Price: $499,000
This turnkey operation represents an excellent opportunity for an investor seeking a profitable, established restaurant business in a growing market. The seller is motivated due to other business interests, making this an ideal acquisition for someone looking to enter the food service industry or expand their restaurant portfolio.
About the Business
- Years in Operation
- 12
- Number of Employees
- 10
- Website
- https://www.mikespizza.com
- Opportunities for Growth
- lunch business and dine in
About the Sale
- Seller Motivation
- other business interest
Listing Info
- ID
- 2410465
- Listing Views
- 14
Business Location
Listing ID: 2410465 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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