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Business for Sale Summary

Pizzeria - Bar w/ Liq. License for sale in NJ - 33980

Business Type: bar/tavern/night clubs,liquor store/ wine,misc. retail/non-classifiable,other eating & drinking places,other food stores,pizza parlour,seller financing available,restaurant/ cafes/ diners
Owner Financing
Pizzeria - Bar w/ Liq. License for sale in NJ
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This business has received 140 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $199,000 Down Payment $120,000
Gross Revenues $600,000 Lease Remaining Register Free to View
Owner’s Cash Flow $120,000 Number of FT Employees Register Free to View

Financing

$120,000 Down and $79K over 3 yrs. @ 6%

Business Description

Pizzeria - Bar w/ Broad C Liq. License in an excellent shopping center. Major Price Reduction! Motivated seller with a baby on the way! The current owner has spent the past two and a half years building this business, even through the pandemic. In 2020 gross sales were approx. $600,000.00 with an owner's cash flow of approx. $120,000.00 for an owner-operator. So far in 2021 sales are averaging approx. $14K - $15K per week. Up roughly 26% over 2020. All the ground work has been done. The restaurant is a spacious 3,600 sq. ft inside. They are using a full, broad c 32 liquor license and offer live music. There are 7.5 years remaining on the current ease (2.5 5) with a current rent of $4,700/mth. There is currently a full staff of 8 (4 F/T and 4 P/T). We are seeking a serious and financially qualified buyer with at least $120K in liquid funds to cover the down payment and inventory. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

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 registration@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.