Pizzeria & Restaurant for Sale in Ocean County, NJ - 30323 Business Type: other eating & drinking places,other food stores,restaurant/ cafes/ diners,owner financing available,pizza parlour
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $795,000 | Down Payment | $395,000 |
| Gross Revenues | $1,700,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $340,000 | Number of FT Employees | Register Free to View |
Financing
$395,000 Down and $400K over 4 yrs. @ 6% (for a qualified buyer with collateral)
Business Description
High-volume brick oven pizzeria and restaurant for sale. Over 30 years in business! Poised for a great bounce back this year. This location is a spacious 3,800 sq. ft, with a full kitchen, and seating for 80 inside, and 20 on the outside patio. There are 17 years left on the current lease, at a rent of only $5,600/month (incl. a 1,000 sf storage trailer in back, garbage and water). In 2019, the business grossed $1,700.000.00, with a cash flow of approx. $340,000.00. The business is fully-staffed. There is still upside in adding a liquor license. We are seeking a serious and financially-qualified buyer with at least $395K in liquid funds to cover the down payment, plus funds for working capital and inventory.. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!
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Attention Business Owners:
We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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