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Established Pizzeria
Location: United States -> New Jersey -> Monmouth County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This pizzeria and ice cream shop sits on the Boardwalk of a busy Jersey Shore resort community. The distinguished taste of its proprietary Homemade Ice Cream and its prime location and extensive two-corner frontage set this pizzeria apart from all food stands and other pizzerias in the town. Family owned and operated to this point, the family is now scattering to the South and to the West as each member begins to pursue his/her own interests. Two key members need to be replaced; one makes the pizzas and the other formulates and manufactures the ice cream. The proprietary ice cream formula (60 flavors), manufacturing equipment and store displays are included in the sale as is Buyer training. There is ample space and cooking facilities to accommodate significant growth and that is underway this year despite the families' individual interests in relocating. Coffee and a breakfast menu is being added; Indoor seating is being added, outdoor seating already exists; Greek foods is being added to the menu and on-line ordering will be added as well. All, as time and resources this year permit. Other, very substantial features of this business include the following: (i) the Buyer will have 17 years on the lease; (ii) he will have the Right of First Refusal on any future sale of the property; (iii) unlike every other food shop in the strip, this pizzeria has no limitation on the products it can serve; whereas, all other food shops there are restricted in various ways. For example, the Buyer can serve coffee with his breakfast and lunch menu and the other food stores cannot (except for a major chain coffee shop at the end of the strip who can serve coffee but not pizza or sandwiches), and (iv) finally, Seller financing is available to a qualified buyer. For more information, please call Gerald Nimberg at 1 (877) 735-5224.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $600,000
Cash Flow:   $310,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $5,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2017
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Seller will train new owner.




Print Listing Id: 700277975
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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