Well Established Pizza and Italian Family Restaurant For Sale

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Seller will accept best offer .

Business Description

31 Years at the same location has made this Pizza / Italian Family Restaurant has earned its place as an anchor tenant in this busy shopping center. Other anchors include Wells Fargo Bank and Stop and Shop . Neighborhood consists of great many residential communities . Large retirement communities , 55+ Adult Communities, Active Adult Communities, Apartment complexes as well as Residential communities . This business does gross sales in excess of 1 million dollars. This # can be dramatically increased by adding delivery service as an amenity to the local residents. This is the best known pizza/restaurant in the area.

About the Business

Year Established:
1987
Number of Employees:
5
Real Estate:
Leased
Building Sq. Ft.:
2,033
Lease Rate/Sq. Ft./Mo.:
$4,066.00
Lease Expiration:
11/30/2024
Facilities:
A fully equipped kitchen and 24 booths are the first thing you see when you walk through the front door.To the right two steps up takes you to a bright and sparkling clean dining area that seats up to 40 guests.
Market Outlook/
Competition:
There are other pizzerias in the area none of which do the sales volume of this little gold mine. This pizzeria restaurant caters to all segments of the large marketable area it services.
Growth & Expansion:
This business can be expanded by using the internet marketing programs that are available today. The size of the space can be increased by acquiring additional space that adjoins this site from the landlord when space comes available.
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About the Sale

Reason For Selling:
Owner wants to retire due to health reasons
Training/Support:
Owner will stay to train for reasonable length of time.
Seller Financing:
Seller Financing depends on the credit of buyer.

Listing Info

ID:
1378332
Ad Detail Views:
983
Asking Price:
$750,000

Gross Revenue:
$1,200,000
Cash Flow:
$246,000
EBITDA:
$511,600
Inventory:
$10,000
included in asking price

FF&E:
$25,000
included in asking price

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Business Listed by
Jack Fisk

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U.S. Census Data for Middlesex County, NJ
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Middlesex County, NJ
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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