| Family Restaurant @ Pizzeria |
| Listing ID: 68-3034 |
Location: Camden County, New Jersey |
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Brief:
This is a well established, family owned and operated restaurant that has been a part of this thriving community for the past 32+ years. It has an impecable reputation for presenting the finest menu and for serving the best in Italian Dishes & American Originality |
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| Listed Price: |
$390,000 |
| Total Sales: |
$572,000.00 |
| Seller's Discretionary Earnings: |
N/A |
| Fixtures Furniture, & Equipment: |
$78,000.00 (Included in Listing Price)
|
| Real Estate: |
$0.00
|
| Inventory: |
$23,000.00 |
| Financing / Terms: |
Owner will consider some financing for the right buyer. |
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Business Information |
| Year Established: |
1974 |
| Number of Employees: |
3 Full Time / 6 Part Time |
| Days and Hours of Operation: |
Mon-Thurs 10:AM-10:PM; Fri !0:AM-11:PM; Sat 11:AM-11:PM; SUN 12:PM-10PM |
| Relocatable: |
No |
| Franchise Information: |
none |
| Facilities / Location: |
The restaurant is located in a strip mall at a very high traffic intersection. The market area includes at least 14 apartment complexes within a much larger residential area. Three higher learning institutions and
busy commercial areas are located in a close proximity to this well known restaurant. |
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Lease Information |
| Lease Expiration Date: |
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| Option: |
|
| Monthly Rent: |
na |
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| Additional Information |
| Reason for Selling: |
Health issues require early retirement |
| Business Description: |
This restaurant has a broad base of loyal cliental who have been patronizing the restaurant for more than three decades. The restaurant has propriatary recipes that are believed to be among the best in the world. It has cliental that travel to dine at the restaurant from New York, Baltimore, Western Pennsylvania and other distant locations. |
| Potential for Growth: |
This business is located in a high population area and the owner is positioned for a future of vertical sales growth. He has originated a marketing plan that is designed to maintain the continuity of steadily increasing sales. It is expected to increase this restaurants sales by somewhere between $8,000.00 and $10,000.00 per week. |
