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NJ Pizzeria/Restaurant Doing $30K Week and Going UP With Indoor Dining Open!!!
New york (Cortland)

Disclaimer

Disclaimer: The financial information herein has been provided by the seller. East Coast stores or east coast business brokers or its brokers make no claim to have verified this information. We recommend that the buyer conduct his own do diligence and perform the financial verification needed to conclude any due diligence. The buyer understands that they will hold ECS or ECBB harmless of any claims resulting in misrepresentation by the seller.

Property Information

Listing Number:
11827
Business Type:
Established Businesses
Business Category:
Pizza - Restaurant
State:
New york
County:
Cortland

Other Information

Financial Information

Asking Price:
$400,000
Gross Income:
$1,550,000
Cash Flow:
$228,600
Seller Financing:
$  

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Business Description

ABSENTEE Italian Restaurant located in Bergen County, NJ.  Situated in a very affluent area of Northern New Jersey.  The business is split into a casual sitdown, or grab and go pizzeria, and a more formal full service restaurant that seats 110 guests normally BUT 27 seats now with NJ allowing indoor dining.   PLUS AN ADDITIONAL 90 OUTDOOR SEATS TENTED.  DOING APPROX $14K IN PIZZERIA AND $16K IN RESTAURANT CURRENTLY!!! The total space is 3750sqft, and also has a private room for private parties and gatherings which they book up quickly because its in high demand.  This truly is absentee as the current owners only frequent the business one day a week.  A hands on owner can save hundreds of thousands of dollars on payroll, because currently it is overstaffed to make up for the lack of ownership presence.  The annual sales are over $1.5M including the pizzeria.  There are also approx 300+ new condos and apartments being built up the block from this location.  Sellers are willing to hold a small note based on the buyers experience and offer.  There is NO liquor license at this location.

 

If you are interested in listing your business with East Coast Stores, obtaining a free valuation OR if you would like to earn a referral fee and know someone who would like to sell, contact us at Listings@eastcoaststores.com. We accept quality listings!

Listing Number : 11827

Business Listed By

Bob Patel

Email this List   5163421648
Email this List   917-642-6400
Email this List   bob@eastcoastbusinessbrokers.com
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