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50yr Established Pizzeria/Restaurant In Ocean County For Sale

Ocean County, New Jersey, US
Asking Price:
$500K - $1M Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1M - $5M
Cash Flow:
$250K - $500K

Site visits must be discreet. ABSOLUTELY DO NOT come in during business hours to speak with anyone.

Extremely high-volume, established pizzeria and restaurant for sale. About 50 years in business! Current owner retiring after 30+ years. Located in Barnegat (of south Ocean County), in the center of a rapidly expanding bay-side town. Full-service dine-in, take-out, and delivery.


• 2,080 sq. ft
• Full kitchen and pizza station
- - - 4 large Blodgett pizza ovens
- - - can cook up to 20 large pizzas at a time
• Seating for about 65 patrons (booths and tables)
• Shed in back and attic for storage
• Rent of $5,600/month
• In 2019, the business grossed upwards of $1,430,000.00
- - - with a cash flow of approx. $500,000.00.
• Fully staffed with dedicated chefs and a manager on site.
- - - 3 of the chefs have been with the business for over 20 years


We are seeking a serious and financially-qualified buyer. All site visits must be discreet. Please do not speak with anyone when visiting the location (which will be shared after contacting the seller). Meetings must be scheduled by appointment only!

This is the perfect business to buy. Why?... It's very well established. Perfect location. Still booming through Covid. All supplies and appliances included. Stock included. Staffed well. Manager on-site. New owner training available. All current methods will be shared. Recently updated menus & pricing. RECENT RENOVATIONS/UPDATES. Great business relationships. There are no changes to be made, unless the buyer wishes to make changes.
IT'S READY for an easy transition to new ownership!


****Price negotiable for quick sale****


• Buyer must be able to get bank financing


• Recent Renovations/Updates Value --> $50,000
-new ceiling insulation
-new ceiling panels throughout store
-new shed
-new marble pizza display/front counters
-new kitchen & pizza station floors


• Furniture / Fixtures value: --> $180,000
- included in the asking price

Tables, chairs, booths, marble counter & display case, pizza station, multiple ovens, walk-in fridge, additional food fridges, freezers, grill, ovens, stove tops, fryers, chef stations, soda fridges, dough mixer, food processors, pots, pans, etc. ... everything you could need is included.


• Inventory / Stock value: --> $25,000
- included in the asking price

• Deliveries per year:
-More than 19,000 delivery orders in 2019
-Record of 109 in one day
-This is without participating with DoorDash or Grub Hub. Option to add these services and increase volume.

• Large catering following
-Average 3 catering orders a week
-During the month of December as well as around holidays, the numbers increase significantly. For example, there have been no less than 40 catering trays on Christmas Eve alone.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Location:

Located on the busiest street in town. Located in town center on corner of two main roads. Near the bay. Near the parkway.

Premises Details:

Leased space in a busy shopping plaza. Other business owners in the plaza are successful and recommend this business to their customers, which increases order volume. Great neighbors.

Size in square feet:
2,800

Business Operation

Expansion Potential:

In the past, we have expanded into other suites of the strip mall. This could be done again, if negotiated with landlord. However, we can seat about 65 patrons.

Competition / Market:

We have a few competitors. Only competitor is significant, yet we are on good terms and help each other out as needed because there are more than enough patrons to go around.

Reasons for selling:

Owner is retiring after 30 years. Wants to spend time with family.

Trading hours:

Open at 11a or 12p and closes at 10p or 11p depending on the day of the week.

Employees:
Varies from 15-25
Years established:
About 50 years. 30 years with current owner.

Other Information

Support & training:

• Support & training available to new owner after purchase, if wanted:
-Operations manual including explanation of employee hiring and training methods, website information, scheduling methods, marketing, and much more.
-Owner also available to provide in-depth review of current methods and even training for how to work certain positions.
-Manager on site who can continue to be of help. Manager and chefs handle inventory (ingredient & supply orders).

• Some of the resources that will be available
-Editable menu files
-Editable employee handbook file
-T-shirt designs
-Name-tag designs
-Free scheduling system with schedule templates & employee info
-iPad timeclock with emailed output data
-List of business contacts

Furniture / Fixtures value:
$180,000 - included in the asking price
Inventory / Stock value:
$25,000 - included in the asking price
Relocatable:
This business can be relocated.

Contact Seller

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