Hot Listing
Established Pizza Restaurant for sale 30K weekly. Absentee ownership
Business Description
Mike's Pizza is a well-established pizzeria strategically located on busy Route 22 in Union, NJ, serving the community since 2021. This thriving restaurant generates impressive annual revenue of $1.5 million with strong cash flow of $300,000, demonstrating consistent profitability and market demand.
BUSINESS HIGHLIGHTS:
• High-traffic location with excellent visibility and accessibility
• Diversified revenue streams through dine-in, takeout, and delivery services
• Strong weekly revenue averaging $30,000
• Loyal customer base established over three years of operation
• Proven absentee ownership model providing operational flexibility
• Team of 10 experienced employees ensuring smooth operations
OPERATIONS:
The restaurant features a fully equipped commercial kitchen with well-maintained appliances and equipment valued at $500,000. The business maintains strong operational systems supporting consistent service quality and efficiency across all revenue channels.
GROWTH OPPORTUNITIES:
Significant expansion potential exists in lunch business development and enhanced dine-in services. The prime location offers excellent potential for increased market penetration and revenue growth through strategic operational improvements.
FINANCIALS:
• Annual Revenue: $1,500,000
• Seller's Discretionary Earnings: $300,000
• FF&E Value: $500,000
• Inventory Value: $10,000
• Asking Price: $799,000
This turnkey operation represents an excellent opportunity for an investor seeking a profitable, established restaurant business in a strong market. The seller is motivated due to other business interests, making this an ideal acquisition for someone looking to enter the food service industry or expand their restaurant portfolio. The business demonstrates strong financial performance with a 20% cash flow margin, positioning it well within industry benchmarks for successful pizza operations.
BUSINESS HIGHLIGHTS:
• High-traffic location with excellent visibility and accessibility
• Diversified revenue streams through dine-in, takeout, and delivery services
• Strong weekly revenue averaging $30,000
• Loyal customer base established over three years of operation
• Proven absentee ownership model providing operational flexibility
• Team of 10 experienced employees ensuring smooth operations
OPERATIONS:
The restaurant features a fully equipped commercial kitchen with well-maintained appliances and equipment valued at $500,000. The business maintains strong operational systems supporting consistent service quality and efficiency across all revenue channels.
GROWTH OPPORTUNITIES:
Significant expansion potential exists in lunch business development and enhanced dine-in services. The prime location offers excellent potential for increased market penetration and revenue growth through strategic operational improvements.
FINANCIALS:
• Annual Revenue: $1,500,000
• Seller's Discretionary Earnings: $300,000
• FF&E Value: $500,000
• Inventory Value: $10,000
• Asking Price: $799,000
This turnkey operation represents an excellent opportunity for an investor seeking a profitable, established restaurant business in a strong market. The seller is motivated due to other business interests, making this an ideal acquisition for someone looking to enter the food service industry or expand their restaurant portfolio. The business demonstrates strong financial performance with a 20% cash flow margin, positioning it well within industry benchmarks for successful pizza operations.
About the Business
- Years in Operation
- 4
- Website
- https://www.mikespizza.com
- Opportunities for Growth
- lunch business and dine in
About the Sale
- Seller Motivation
- other business interest
Listing Info
- ID
- 2410465
- Listing Views
- 183
Business Location
Listing ID: 2410465 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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