Brick Oven Pizza, Bar, Deli.

Garfield, NJ (Bergen County)

Seller Financing Available
Strip Mall

Asking Price:$1,000,000

Cash Flow:N/A

Gross Revenue:$480,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:N/A

Established:2010

Brick Oven Pizza, Bar, Deli.

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Business Description

This is a very lucrative opportunity for the right buyer. You can turn this business into three small businesses with very little risk. The owner does not need the money right away. He is willing to hold a note.

Just $300,000 down will give you a very good opportunity. We have estimated the cost of renovations at approximately $50,000. You will need some additional money to stock the shelves and do some advertising.

The new owner should be able to make back their initial investment in a years time and have an ongoing income from rent... should they choose to sell all three businesses.

The current liquor license and Pizza Business are included in the asking price.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
5
Facilities:
Currently the place is set up as a Brick Oven Pizza Place with a Bar and a Catering facility. Opportunity is knocking! This stand alone building has lots of parking and can be turned into three profitable businesses. A Brick Oven Pizza Place, A Bar and a Deli. Each business will be about 2000 sq. feet. There is a really nice Brick oven and a small bar. The catering hall can be turned into a Deli, very cost effectively. Owner is willing to sell the pizza place separately. It grosses about $480,000 a year.
Competition:
This store is located around the corner from a large CVS, and close to the high school. You have the opportunity to turn one business into three.
Growth & Expansion:
Current Opportunity: Presently at this location there is a busy take-out/eat in Brick Oven Italian, Bar/Restaurant grossing $10,000 a week. We are proposing that a new owner divide up the space and create a strip mall and offer three businesses for sale for a quick return on investment. Proposed build out costs: $50,000. Sell all three businesses or keep the one you want to run. Why pay rent when you can collect it? Pizza Business: Proposed Rent $2500 per month. Proposed Sale Price $250,000 Liquor Business: Proposed Rent $2400 Proposed Sale Price: $125,000 (includes License) Deli: Props Rent $2400 Proposed Sale Price: $25,000 ** Pizza, Bar and Catering Business is grossing $10,000 a week.
Financing:
$300,000 down $3500 per month
Support & Training:
The owner will stay on if needed.
Reason for Selling:
Owner is 72 and he wants to retire.

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Harriet Karlin

Business Listed By:
Harriet Karlin

Harriet Karlin

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