Neighborhood Staple Authentic Italian Restaurant

Business Overview:

This Pizzeria & Restaurant is a one of one piece. Rare to find a Italian Restaurant in business for 50 years while remaining highly profitable with a net income of $350,000. Sales have been consistently right under $2M with 60% in store dining and 40% takeout. Located in once of the most affluent neighborhoods in NJ. The new owner can see tremendous upside and a real boost in sales by adding delivery services such as UberEats, DoorDash, and GrubHub. There is $50,000 worth of equipment that is included in the sale. There are currently 13 well trained employees. This is a home run for a pizza/restaurant operator. Owner will finance 40% of the purchase price over 7 years! Owner is selling because she wants to move back to her hometown in Italy.

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Property Features and Assets:

Monthly Rent: $10,000.00

Lease Expiration Date: December 31, 2035, 12:00:00 AM

Terms Options: Landlord will sign a new 10 year term

Reason for Selling:

Additional Details:

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