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Established Pizzeria And Ice Cream Shop For Sale

Monmouth County, New Jersey
Asking Price:
$425,000 Inventory / Stock included
Sales Revenue:
$600,000
Cash Flow:
$310,000

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

Property information

Real Estate:

Lease

Business Operation

Employees:
2 FT / 15 PT

Other Information

Support & training:

Seller will train new owner.

Furniture / Fixtures value:
$150,000
Inventory / Stock value:
$5,000 - included in the asking price

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