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Business for Sale Summary

Pizzeria in Ocean County, NJ - 31068

Business Type: retailing businesses,misc. retail/non-classifiable,other food stores,bagel stores,pizza parlour,restaurant/ cafes
Owner Financing
Pizzeria in Ocean County, NJ
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Financial Information (non-confidential)

General Information
Asking Price $560,000 Down Payment $300,000
Gross Revenues $909,000 Lease Remaining Register Free to View
Owner’s Cash Flow $208,000 Number of FT Employees Register Free to View

Financing

$300,000 Down and $260,000 at 7% TBD

Business Description

This store, located in Ocean County, New jersey, is a unique and highly profitable, all year round, food store. It caters to a strong, permanent residential community and only slows down a bit in January and February. It is a one store operation; however, it could easily become the model for a franchised food operation for those of like mind. The store is well merchandized and offers bagels, pastry, coffee, sandwiches and deli. Bagels are purchased in raw form and watered and cured on-site although the equipment is there to make bagels from scratch. Donuts and a variety of pastries are, in fact, made on-site. A homemade Assai ice cream bowl is soon to add to the Italian Ice dessert mix. Earnings for the aforementioned business already exceeds $200,000 and should approach $250,000 once the sought after, healthy Assai ice cream materializes. The Asking Price for the business is $500,000 but that does not include the following development. There is extra space available in this spacious 3,600 sq. ft facility which can accommodate either an Ice cream cafe and bar or a pizzeria. Current plans call for the addition of a pizzeria due to the owneres background in the business although an ice cream cafe and bar are thought to be more profitable. Hours of operation will be extended beyond todays 5 pm closing hour to accommodate the pizzeria which is expected to add thousands of dollars weekly in both sales and earnings. Pizza ovens are already in place. If the business is purchased before the pizzeria business is established, then the price will remain at $500,000. Afterwards, pricing will change to reflect the earnings impact of the new business. Please contact the broker at 1-877-735-5224.

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. cb

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.