Best Offer - 2SPizza, 168 E. Main St., Newark, DE 19711

Newark, DE
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Asking Price:$150,000
Established Year:2022
ASSET SALES DESCRIPTION

Seller has just reduced the price substantially to move forward with other investments. The furniture and fixtures in the restaurant is valued over $300,000.

The 3,648 +/- SF interior and exterior spaces were completely renovated in 2022 with all new furniture, fixtures and state-of-the-art kitchen equipment. The additional patio affords more seating and creates a lively atmosphere for students, professors and families alike!

There are 18,665 undergrads and 7,557 graduate students currently at the University! The families of the students come into town a few times a year and stay in the local hotels, adding more foot traffic and a need for a dining experience - talk about a built-in clientele!

There is a restaurant liquor license with an outdoor patio licensed to sell alcohol outdoors. This license is transferrable to a "qualified buyer". Also, there is the approval by the city for an additional side outside patio.


DETAILED INFORMATION
Location
Newark, DE
Facilities
All brand new furniture, fixtures and state-of-the-art kitchen equipment is included in the sale price! The lease was initiated in 2021 and is good until 1/31/31, so 10 years left on the lease! Monthly rent is currently $9,892 with annual increases of only 2% increments.
Support & Training
Sellers are willing to train new owner upon executed agreement of sale and two weeks after settlement.
Reason for Selling
The seller is attempting to semi-retire.

BUSINESS LOCATION
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Joseph
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Joseph Latina