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Italian Restaurant and Pizzeria in Avenel, NJ

Avenel, NJ, US

Added 7 days ago

Restaurant and Pizzeria

An Italian restaurant and pizzeria with dine-in, delivery, and catering services located in Avenel, NJ, operating for over 15 years.

Asking

$625K

Revenue

$1.5M

Earnings

$292K

Multiple

2.1x

Annual gross sales: $1,460,584
Rent/CAM: $7,540 per month ($90,480 per year)
COGS: $35,000 per month ($420,000 per year)
Payroll: $29,460 per month ($353,520 per year)
Seating capacity: 90 (36 pizzeria-style, 54 dining area for parties)
Facility size: 2,200 sq ft, recently renovated
Lease: Six years remain, landlord will provide new 10-year lease
Equipment: New HVAC and recently replaced kitchen equipment
Delivery: Multi-platform presence on major third-party delivery apps
Catering: Contracts with local schools, an entertainment venue, and institutions
Staffing: 3 kitchen staff, 2 pizza men, plus part-time high school help
Owner works as manager, present 4 days per week
Business has been established for over 15 years
Hours of operation: 11 AM – 10 PM, 7 days a week
Location: Avenel, NJ

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Established Italian Restaurant & Pizzeria – 15+ Years - Business for Sale