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Established Pizzeria In Ocean County For Sale

Ocean County, New Jersey
Asking Price:
$560,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$909,000 (USD)
Cash Flow:
$208,000 (USD)

This store, located in Ocean County, New jersey, is a unique and highly profitable, all year round, food store. It caters to a strong, permanent residential community and only slows down a bit in January and February. It is a one store operation; however, it could easily become the model for a franchised food operation for those of like mind. The store is well merchandized and offers bagels, pastry, coffee, sandwiches and deli. Bagels are purchased in raw form and watered and cured on-site although the equipment is there to make bagels from scratch. Donuts and a variety of pastries are, in fact, made on-site. A homemade Assai ice cream bowl is soon to add to the Italian Ice dessert mix. Earnings for the aforementioned business already exceeds $200,000 and should approach $250,000 once the sought after, healthy Assai ice cream materializes. The Asking Price for the business is $500,000 but that does not include the following development. There is extra space available in this spacious 3,600 sq. ft facility which can accommodate either an Ice cream cafe and bar or a pizzeria. Current plans call for the addition of a pizzeria due to the owneres background in the business although an ice cream cafe and bar are thought to be more profitable. Hours of operation will be extended beyond todays 5 pm closing hour to accommodate the pizzeria which is expected to add thousands of dollars weekly in both sales and earnings. Pizza ovens are already in place. If the business is purchased before the pizzeria business is established, then the price will remain at $500,000. Afterwards, pricing will change to reflect the earnings impact of the new business.

Property information

Real Estate:

Lease

Business Operation

Employees:
16

Other Information

Support & training:

Yes

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

300,000.00 Down & $260,000 at 7% TBD

Furniture / Fixtures value:
$250,000 (USD) - included in the asking price
Inventory / Stock value:
$4,000 (USD) - included in the asking price

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