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Pizzeria - 35 Years +$14k/week & Seller Financing For Sale

Monmouth County, New Jersey, US
Asking Price:
$349,000 Furniture / Fixtures included
Sales Revenue:
$728,986
Cash Flow:
$199,758

**Seller willing to offer financing to qualified buyer**

Well established pizzeria with excellent name recognition, following and high reviews (4.3 Google with 256 Reviews).

Mostly take out and delivery (70%). Delivery is handled efficiently with 4 part-time drivers, most employed here for over 15-years! Orders are also accepted and delivered using GrubHub. There is a dining area with about 30 seats for those who wish to dine in.

Focus has been placed on offering a very high quality product at reasonable prices. Staff retention and tenure are very high which leads to ease of operation and low turnover.

Low rent & great margins with a lot of opportunity to grow further makes this a terrific investment opportunity.

Property Information

Real Estate:

Lease

Premises Details:

Low rent is a tremendous benefit for this location. The benchmark is under 8% revenues and this location is under 4%. Lower rent = higher profits!

The shop is located in a small strip mall which is part of a larger shopping center in a busy downtown business district on a well traveled state highway. This business is clean and has several recent upgrades including a new commercial freezer, exhaust fan overhaul, a new furnace and a new refrigerated sandwich prep station.

An added benefit is the large, dry basement which serves as a storage area, dough making station and prep area. It also houses a dual walk-in cooler and freezer.

Business Operation

Expansion Potential:

While already successful, the new owner can implement modest changes to take advantage of other opportunities for growth including:

Expanding and promoting catering
Adding DoorDash & UberEats
Additional Marketing
Social Media
Loyalty Program
Open on Sunday (+$75K/year in revenue)

Competition / Market:

There are other pizzerias in the area, however this business provides a higher quality at a lower price and is not a chain. Demand remains high along with many repeat customers.

Reasons for selling:

Owner to focus on other businesses and reduce holdings heading into retirement.

Trading hours:

Mon-Thurs 11am-9pm; Fri-Sat 11am-10pm

Employees:
4 FT/6 PT
Years established:
35

Other Information

Support & training:

Will train for 4 weeks @ $0 cost.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$279,200 down/$69,800 over 36 mos. @ 5%.

Furniture / Fixtures value:
$49,387 - included in the asking price
Inventory / Stock value:
$5,620
Relocatable:
This business can be relocated.

Contact Murphy Business & Financial

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