Established Pizzeria Restaurant
Mount Olive, NJ
| Asking Price: | $175,000 |
| Gross Revenue: | $884,000 |
| Rent: | $6,200 |
| Established Year: | 1994 |
| Cash Flow: | $74,600 |
| Inventory: | $2,000 |
| FF&E: | $30,000 |
Listing ID: 2255248Listing provided by BizBuySell
BUSINESS DESCRIPTION
Seller is older than Joe Biden and needs to retire
Restaurant Pizzeria in business 30 years on main road in a midsized strip center. This business has not recovered from the loss of several large companies in the area that closed or relocated after COVID. The seller is an octaginarian and is ready to pass the mantle.
DETAILED INFORMATION
Location
Mount Olive, NJ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,000
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Facilities: Large space in a strip center
Competition
The area is growing with new condos being built including a plan to build right above the strip center. Pizzeria's do great in similar locations
Growth & Expansion
The space next door was a formal dining room used for large parties. It is still available if the new buyer wants to expand the business.
Support & Training
# of Weeks Seller Will Offer Training: 2
Reason for Selling
Owner is past his prime
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