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Business for Sale Summary

Pizzeria & Restaurant for Sale in Ocean County, NJ - 30323

Business Type: other eating & drinking places,other food stores,restaurant/ cafes/ diners,owner financing available,pizza parlour
Owner Financing
Pizzeria & Restaurant for Sale in Ocean County, NJ
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This business has received 440 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $550,000 Down Payment $300,000
Gross Revenues $1,500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $275,000 Number of FT Employees Register Free to View

Financing

$300,000 Down and $250K over 4 yrs. @ 7% (for a qualified buyer with collateral)

Business Description

High-volume brick oven pizzeria and restaurant for sale. Over 30 years in business! Poised for a great bounce back this year. This location is a spacious 3,800 sq. ft, with a full kitchen, and seating for 80 inside, and 20 on the outside patio. There are 10 years left on the current lease, at a rent of only $6,400/month (incl. a 1,000 sf storage trailer in back, garbage and water). The business is fully-staffed. There is still upside in adding a liquor license. We are seeking a serious and financially-qualified buyer with at least $395K in liquid funds to cover the down payment, plus funds for working capital and inventory. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only! To learn more about this listing, please contact the broker David Bock at 610-304-0559.

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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.