Neighborhood Staple Authentic Italian Restaurant in Biz 50 Yrs!!!

Monmouth County, NJ
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Asking Price:$650,000
Gross Revenue:$1,900,000
Rent:$10,000
Established Year:1975
Cash Flow:$350,000
Inventory:$10,000
FF&E:$50,000
BUSINESS 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.


DETAILED INFORMATION
Location
Monmouth County, NJ
Inventory
Included in asking price
Real Estate
Leased
Lease Expiration
31/12/2035
Employees
13
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Lease Terms Options: Landlord will sign a new 10 year term
Reason for Selling
Relocation
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Elliot
Dweck
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Elliot Dweck