Award Winning Pizza and Italian Restaurant- SOLD for 2.2X SDE

Price: $830,000

Location: Central New Jersey- Middlesex County

Industry: Restaurant, Food and Beverage, Hospitality, Pizza, Italian

Listing ID: BAE201701


Listing Description

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Location, Location, Location! Established 37 years ago, this local favorite high volume Pizza and Italian restaurant & pizzeria is in a very busy shopping plaza located very close to the Garden State Parkway. Net Margins of almost 40%  and Cash Flow of $500,000+ makes this place a real gold mine.  This business has a repeat customer base with very consistent and predictable sales. They have built an immense social media presence(FB, Instagram, and Twitter) that consists of 15,000+ followers as well as a constant contact email list of 2,000+.This restaurant has hands down the best Gourmet pizza in the area. They have over 99+ proprietary pies that keep customers always returning to try the next slice. This place remains BUSY all day long. Whether your drop in on a Tuesday for lunch or Saturday night for dinner they have a packed house of customers enjoying their food and drinks. There is no secret to a restaurants success. Superior food quality and great customer service coupled with a nice dining atmosphere is a winning recipe. And this is what the owners have been serving for years. They have been voted #1 for 8 consecutive years.

This restaurant also has great online visibility and SEO. Which is crucial in today’s world of mobile “restaurants near me” searches. They are by far the leader in Yelp, Google, and Facebook Reviews. They hold the #1 spot when you search for Pizza in the area.

This business runs like a well oiled  machine. The culinary and wait staff consistently perform above average service even when the owner’s are not present. They are fully self operating. Owners have taken a three month sabbatical to ensure absence would not harm business–it did NOT.

25% growth could easily be achieved just by adding delivery service.  They have a brand new offline POS system with integrated recipes.

 

Listing Details

Down Payment: $400,000

Total Sales: $1,200,000

Cash Flow: $376,121

FFE: $100,000 (Included in Price)

Inventory: $5,000 (Included in Price)

Reason For Sale:

This business is family owned and operated by the families two sons. The father wants to cash out and the sons are ready to either expand with multiple locations and a new owner or pursue other entrepreneurial interests ,

Training & Support:

Yes. Full training and ongoing support will be offered. Seller wants to ensure success of new owner.

Operation

Year Established: 1979

Year of Last Acquisition: 1996

Days & Hours of Operation: 11AM-10PM

Owner Hours Per Week: 40

Non-Owner Payroll: $175,000

Employees: 15

Managers: 2

Absentee Owner?: Yes

Location

Lease Option: 5 Year

Monthly Rent: 5770

Type of Location: Retail storefront in busy shopping plaza

Square Footage: 2000

Relocatable?: Yes

Summary

Historical Summary:

This Italian Restaurant and Pizzeria was purchased in 1995 by the father and then taken over in 2005 by his two son’s. The name and actual restaurant was founded in 1979. It has been a success and staple in the community for over three decades!!

Owner Qualifications:

Prior Restaurant Ownership or Management experience a plus. Franchisor and Franchise Knowledge would be HUGE. This business model would make a perfect franchise!

 

Competition:

There are 6 other Italian restaurants in the area. None of them are nearly as successful as this one. This particular restaurant is the oldest, busiest, and most well known in the area.

Potential Growth:

Multi-Location growth is the most exciting thing about this opportunity. Whether becoming a master franchisor or strategically opening other locations in neighboring towns the growth potential is unlimited. This business has a full operations manual that details the operations of the business from turning on the lights to closing up at night. Their success with this can be utilized in the exact same manner in different locations. If you want to own 20 of these. It could definitely be done!

Financing/Terms:

NEGOTIABLE