Italian RestaurantsNew JerseyEssex

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FULL SERVICE ITALIAN PIZZERIA
$175,000
FULL SERVICE ITALIAN PIZZERIA

Orange, NJ

DESCRIPTION: No expense was spared in this PRIDE OF OWNERSHIP Italian beauty. Only 3 years NEW! You can continue to operate this business as is or easily convert to your own concept. Set up as a hip & trendy fast-casual Italian eatery with a modern feel. The front of house is beautifully decorated with an exhibition kitchen, which is excellent for your chef to show off his culinary arts skills while impressing your guests. High ceilings, light birch wood panels and stainless steel walls in the kitchen make gives this restaurant a great vibe. It also has patio seating for that open air feel. The pizzeria also has a beer & wine license so your patrons can pair each dish with a delicious bottle of Italian wine or beer. The fully equipped commercial kitchen has everything you need for virtually any concept. It also has a brick oven for those exquisite tasting pizzas. There are also vented hoods that cover the large Pizza Ovens. Also includes dough mixer, fryers, flat top, six burner stove and much more. It is located in a class A shopping center with numerous commercial/offices walking distance to the restaurant, allowing the new owner to offer catering options to the nearby business. Additionally, the restaurant is located in a high income area (over $142k per year) and average homes over $770k. Anchor tenants include Starbucks, numerous Class A offices and a national 4 story hotel chain. EQUIPMENT: Completely equipped kitchen for high volume restaurant. FACILITIES & OPERATIONS: 1250 sf with 9 years left on the lease. (4 years plus a 5 year option) Rent is very reasonable at $4,700/month including CAM. Open daily for lunch and dinner. CURRENT MANAGEMENT & LABOR: Restaurant is absentee run. Owner has another high volume restaurant which he operates. Monthly payroll approx. $15,700/month including payroll tax. FINANCIAL SUMMARY: $39k per month average sales. Clean books & records. If ran at industry standards (prime numbers below 60%) and rent at 14%, new owner should be netting approximately 15% or approximately $5900 per month/ $70k/yr. Owner does little marketing or promotions due to his other high volume restaurant. Plenty of room for catering to nearby offices and special events to the residential areas. Listing #18184JD

High Volume Pizzeria Restaurant
$395,000Cash Flow: $139,400Seller Financing
High Volume Pizzeria Restaurant

Essex County, NJ

Italian Restaurant & Pizzeria business fully upgraded located in Essex County, New Jersey. This high-volume restaurant is located on a highly active and convenient county road with substantial traffic flow. The facility has a 2017 gross income of $1,059,399 plus discretionary income and a yearly net income of approximately $139,400. The business income is originated from the sit-down casual restaurant, deliveries and catering however most of income is derived from food delivery and pick up and catering and only 25% represent sit down dinning. Highly successful family business which was established in 1908 and has developed into a business that specializes in personalized service, diversified Italian cuisine and uncompromising quality. All of their recipes were inherited, and they have a tantalizing array of dishes, representing the cooking of several regions of Italy and international menus with selections to satisfy the discriminating palate. This business has twelve employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $28,000. The business is active seven days per week, with hours from 11:00 am to 10:00 pm. The sale will include a 10-year lease, plus five-year option, monthly rent of $7,500 all in, two months’ rent security, 3% rent increases, cost per square foot is $21.42. The sale includes an option to purchase the real estate which has two ultra modern second floor residential units with private entrances. Landlord responsible for all outdoor work, snow removal, landscaping out door electric. This is a dependable business opportunity which offers seller financing to a qualified buyer. Based on the asking price, required down payment and yearly net income, this business expects to supply a substantial investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.

High Volume Restaurant
$695,000Cash Flow: $409,811Seller Financing
High Volume Restaurant

Essex County, NJ

Unique, high volume restaurant located in a wonderful area of Essex County New Jersey. This highly successful business opportunity offers a gross yearly income of $1,688,632 and a consistent yearly net income of $409,811. The restaurant has an incredible reputation and offers the highest quality food products and service to its many customers. Their specialized wood burning brick oven has been designed as the center piece of the kitchen and produces wonderful dishes. Staying true to Neapolitan style, their handmade pizzas are light and airy due to the traditional cooking technique. The restaurant has also become a destination for birthday, corporate and general party celebrations and for larger groups, they will provide a customized menu tailored to meet the customers’ needs and budget. On Saturday nights the restaurant offers popular dance music with a “supper club” like atmosphere. Like many establishments in the area, this is a BYOB establishment however they also offer a convenient delivery service from a local liquor store directly to your table. The existing owner continues to be semi absentee due to his out of state business obligations. Additionally, the restaurant offers valet parking to its customers. For Qualifications purposes, this business opportunity industry does not require government licensing approval to purchase or operate other than the standard municipal licenses. Regarding employees and payroll, this restaurant company routinely has twenty full / part time employees who are unaware of the pending sale. The payroll is based on job description, with salaries and an hourly basis. The staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $30,000. The business transaction has an assignable commercial lease which expires 2024-01-01, plus additional options available, with a monthly rent of $ 10,706, plus a percentage of real estate taxes, cost per square foot is estimated at $43.00, and rent security of approximately $27,000. The business fixed assets has an estimated value of approximately $285,000 which is specifically based on the original equipment and licensing replacement cost. This long standing and successful restaurant business operation is active seven days per week, with hours from 11:00 am to 11:00 pm. The business has been valued / priced at $695,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this business opportunity.

Pizzeria
$119,000Cash Flow: $80,000Seller Financing
Pizzeria

Newark, NJ

Excellent location in busy downtown Newark near the Prudential Center, 2,500 sf, full basement, full kitchen, 30 seats, low rent, long lease, gross sales of $9k per week, closed on Sunday, perfect for the experienced pizza man or chef/owner. Call Ron at The Restaurant Brokers-------------------908-672-3126 Go to njrestaurantbrokers.com

Attractive Modern Pizzeria
$110,000Cash Flow: $60,000Seller Financing
Attractive Modern Pizzeria

Essex County, NJ

New Modern Pizzeria with a gross income of $395,000 and a weekly net income of $9,000. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. This retail company is six months new and expect continued growth within the next few months. This industry does not require government licensing approval to purchase. This pizzeria business has twelve full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $16,000. The business has an assignable commercial lease which expires 2026-01-01 plus additional options, with a monthly rent of $2,500, cost per square foot is $15.00 and rent security $5,000. The business is located on an active commercial avenue which consists of 2,100 square feet has a capacity for approximately twenty-five customers. The business fixed assets has an estimated value of approximately $175,000 which is based on replacement cost and the sale consists of a fully equipped restaurant pizzeria which includes a commercial kitchen, pizza oven, refrigeration & freezer units, POS system, displays, shelving, tables, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private parking on site as part of the commercial lease. The business is active six days per week, closed Sunday with hours from 11:00 am to 9:00 pm. The sale includes a certificate of occupancy from the municipality and the required city licenses to conduct its day to day business. The business has been valued at $110,000 based on a multiple of the net yearly income including the value of the specific business assets and seller financing is available with a $70,000 down payment. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Italian Bistro--BYO
$199,000Cash Flow: $100,000Seller Financing
Italian Bistro--BYO

Essex County, NJ

Great looking restaurant space, busy downtown location in a great restaurant town, 2,300 sf, basement, some parking, 66 seats, 20 sidewalk seats, gross sales of $14k per week, closed Monday, no delivery, full kitchen plus brick oven, perfect for chef/owner. Owner financing with $100k down payment.

Profitable Italian Restaurant For Sale-22057
$150,000Seller Financing
Profitable Italian Restaurant For Sale-22057

Essex County, NJ

Real brick oven Italian restaurant for sale. Opportunity sale. Established 30 years. Currently operated absentee at breakeven. Complete financial info will be provided in a personal meeting with the seller. A hands-on operator can make this a profitable business very quickly. Gross sales are $40K monthly. Pizza sales are 25% and kitchen sales are 75%. Lunch is 10% of sales and dinner is 90%, so there is excellent potential to grow the lunch business. Dine-in business is 70% of sales, while take out is 30%. The delivery business is underdeveloped and can be grown to a much larger business. Monthly rent is $7,500. SELLER FINANCING AVAILABLE TO A QUALIFIED BUYER. If you are a food service professional with the ambition to build a great business, then the owner wants to talk with you. Make your inquiry today! Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Established Cozy Italian Restaurant with Potential
$109,000Cash Flow: $99,000
Established Cozy Italian Restaurant with Potential

Essex County, NJ

Cozy, Italian restaurant in strip mall, established 20 years with potential seats60, equipment 2 to 4 years old, very good condition, plenty of parking in the strip mall-landlord will give good new lease. Ideal for owner/cook/operator. Growth potential by acquiring liquor license to sell wine, beer, & liquor. Advertise and market a website.

Pizzeria & Trattoria W/property
$850,000Cash Flow: $170,000
Pizzeria & Trattoria W/property

Nutley, NJ

WHY PAY RENT ??? BUILD EQUITY AS YOU GROW THE BUSINESS---GREAT DOWNTOWN LOCATION, 2,900 SF, BASEMENT, UPSTAIRS OFFICE SPACE AND STORAGE, 70 SEATS, FULLY EQUIPPED, GROSS SALES OVER $20K PER WEEK, PERFECT FOR THE EXPERIENCED PIZZA MAN OR CHEF/OWNER. CALL RON AT THE RESTAURANT BROKERS 908-672-3126 GO TO NJRESTAURANTBROKERS.COM


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