Established Pizzeria for Sale with Real Estate

Little Ferry, NJ (Bergen County)

The Best Pizzas in Town

Asking Price:$379,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:N/A

Established:1985

Established Pizzeria for Sale with Real Estate

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Business Description

Rare opportunity. Mixed Use commercial property with a 9% CAP

Rare opportunity. Mixed Use commercial property with a 9% CAP! Turnkey operation with an excellent reputation. After almost 40 years in business, running the best pizzeria in town, the owners are looking to retire. Here is an opportunity to run a restaurant and have a rental unit upstairs pay the mortgage on the property. Seating for about 40 people. The kitchen and all equipment meticulously cared for and maintained.  The upstairs offers a 2 bedroom, 1 bath apartment with additional storage in the attic. Large onsite parking and a two car garage complete this property.

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Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Facilities:
Meticulously maintained kitchen and equipment. The restaurant is turnkey as it is now or could be renovated and updated for a new look and feel. 2 bathrooms. large kitchen and prep area. seating for approximately 40. parking for 10 cars and a 2 car garage. Upstairs offers a 2 bedroom and 1 bath apartment, currently rented out for $1,500 per month. The upstairs could cover the mortgage on the whole property, allowing you to run the restaurant with low overhead.
Growth & Expansion:
The pizzas are the best in town. the decor could use some updating. With updates, this could easily jump start the restaurant as the location is very well known in town and could create a strong buzz. With the additional income from the upstairs rental, this could be a great opportunity to run your own restaurant without paying any rent overhead!!!
Support & Training:
If training is needed, the owner will provide 3-4 months.
Reason for Selling:
Owners has been doing this for almost 40 years. Looking to retire.

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Business Listed By:
Michael Trefel

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