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Pizzeria In Gloucester County For Sale

Gloucester County, New Jersey, US
Asking Price:
$65,000 (USD)
Sales Revenue:
$450,000 (USD)
Cash Flow:
$40,000 (USD)

Priced to Sell! Make An Offer!! Long Term 17 Year Lease . An Italian restaurant and pizzeria located in Gloucester County, New Jersey has just come on the market. Restaurants and pizzerias abound but this one is unlike so many others; rather, it is a beautifully appointed, table cloth dining, sit down restaurant offering seating for 110 and it is now able to serve its guests wine by the bottle. Twenty-seven years young and completely renovated- the kitchen and food storage area are spacious and immaculate; the restaurant caters to lunch and dinner parties- baby showers, birthday parties, graduation celebrations, wedding rehearsals, corporate events, and, of course, individual dining. There is much to be done and this restaurant needs new blood to get it done. While it is building a reputation as a destination dining spot, this has come at the expense of its pizza business. Originally owned by two brothers, one brother left the business due to age and health and the remaining brother chose to renovate the restaurant and change its name featuring the dining only and inadvertently omitting "Pizza" in the title of the marquis. Result, its pizza business has dropped. Restore "Pizza" to the marquis, expand the hours (open 6 days only), offer delivery service to the abundance of apartments and condos in immediate proximity and build the business well-beyond its recent past. The business looks terrific and the energy to build both sides of it are awaiting a youthful or experienced buyer.

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Business Operation

Reasons for selling:

Retiring

Employees:
2FT/3PT
Years established:
1992

Other Information

Support & training:

Seller will train

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

65,000.00 Down &

Furniture / Fixtures value:
$55,000 (USD)
Inventory / Stock value:
$4,000 (USD)

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