Restaurant Pizzeria With Liquor License
www.GlobalBX.com
Listing ID:
700286834
Listing Title:
Restaurant Pizzeria With Liquor License
Quick Link:
http://www.globalbx.com/listing.asp?bId=286834
Industry:
Food and Beverage
Industry Segment:
Restaurants and Fast Food (Non-Franchise)
Country:
United States
State / Province:
New Jersey
Area
City:
Sussex County
Asking Price Range:
$250K - $500K
Gross Revenues:
$925,000
Cash Flow:
$150,000
Cash Flow Type:
EBITDA
Year Established:
1960
Number of Employees:
6 - 9
Business Description:
Must see this attractive Restaurant Pizzeria business which includes liquor license. This successful restaurant offers multiple venues, as a restaurant, pizzeria and pub with a gross yearly income of $925,000 and a solid net yearly income. The owner is retiring after forty years with this high-volume restaurant business which includes use of a valuable consumption liquor license. The business is located on an active County Road of Sussex County, New Jersey. This is an outstanding and modern 4,000 square foot combination Restaurant Pizzeria with multiple venues. The business also has an attractive bar lounge which can be further developed with an increase in hours. It is also a sit-down restaurant that can accommodate 165 plus customers and occasionally serves as a night club with live music & entertainment.
The sale includes the use of a liquor license, which presently represents a small percentage of the business gross sales but can be substantially developed with increased hours to attract late night customers. Seller financing is available for a qualified purchaser. This pizzeria has seven employees who are unaware of the pending sale and will remain available post-closing, monthly payroll of approximately $9,200.The business has $3,000 in inventory which in included in the sale.The site has substantial private parking for eighty vehicles as per the lease. The business is operational 7 days weekly, hours 11:00 am to 10:00 pm. The sale includes a certificate of occupancy from the municipality and the required state liquor license and city licenses to conduct its day to day business. An existing fifteen-year lease which includes the use of a consumption liquor license, lease terms 1/16/2028 monthly rent is approximately $6,804, rental security of $12,000. Cost per square foot is $22.40. This business assets has a value of approximately $220,000, based on replacement cost.
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