Retail - Restaurants | Retail - Bars/Taverns

$Seller Financing Available

Asking Price	$475,000	Inventory	$20,000**
Gross Income	$925,000	Real Estate
Cash Flow	$175,000	Year Established	1968
FF&E	$175,000*	Employees	9

* included in the asking price

** not included in the asking price

Specialty Pizzeria & Italian Restaurant located on a busy state route of Sussex County, New Jersey. This is a 6,000 square foot restaurant with multiple venues which is presently used as a successful pizzeria with No deliveries. It is also a sit down restaurant that can accommodate over 200 customers and frequently acts as a Night club with live music and entertainment. The present owner is retiring after many years and will train a new owner operator. The Business has a long term lease with options and a moderate rent of $5,000 monthly. The sale includes the use of a liquor license which presently represents a small percentage of his income but can be substantially developed with concentration on the Restaurant and Lounge. Seller financing is available with approximately 45% down. Please contact us for further details.

Facilities: Facility consists of 5,500 square feet with an indoor seating capacity for over 200 customers. An existing lease expiring on 2012 and with additional options is available for transfer. Private parking for 80 vehicles is available and included in the sale. Sale includes use of liquor license on premises. The monthly rent is approximately $5,000 plus cam charges.

Competition: No similar competitors exist in the area due to the size of the business and use of the liquor license.

Growth/Expansion: With a new marketing plan and improved advertising the business can develop further.

Seller Financing Available: Yes

Financing: Seller financing is available with approximately 45% down.

Support/Training: Seller will provide a full due diligence and transitional period.

Reason Selling: Retirement after many years