Listing Number: 189597-486936
Description
This Pizzeria & Restaurant is a one of one piece. Rare to find a Italian Restaurant in business for 50 years while remaining highly profitable with a net income of 350k. Sales have been consistently right under $2M with 60% in store dining and 40% takeout. Located in once of the most affluent neighborhoods in NJ. The new owner can see tremendous upside and a real boost in sales by adding delivery services such as UberEats, DoorDash, and GrubHub. There is 50k worth of equipment that is included in the sale. There are currently 13 well trained employees. This is a home run for a pizza/restaurant operator. Owner will finance 40% of the purchase price over 7 years! Owner is selling because she wants to move back to her hometown in Italy.
Listing Details
- Price: $650,000
- Down Payment: $390,000
- Sellers Discretionary Earnings: $350,000
- Total Sales: $1,900,000
- Location: Monmouth County, New Jersey
- Inventory: $10,000
- FF&E: $50,000
- Employees: 13
- Year Established: 1975
- Reason for Selling: Relocation
- Category: Restaurants
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