871 Elizabeth Ave, Elizabeth City NJ 07201-2755

Property City
Elizabeth City
Property Media
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Property Price
$260,000
MLS Status
Active
MLS #
4019248

Opportunity for an owner-operator or investor looking to step into an established (turnkey) business in a busy and strategic location in the heart of Elizabeth. Restaurant/Pizzeria type, conveniently situated near business & major public transportation routes (1 & 9) and within close proximity to mayor offices of Elizabeth City Hall, (Police Department, Fire Department etc.). This business has been successfully operating for over 10 years and has built a loyal customer base in the community. The restaurant serves a variety of ethnic and American cuisine, including pizza, appealing to a broad range of customers. This turnkey operations include: 2 pizza ovens, a 6-burner stove, fryer, grill, cold buffet stand, warmer stand, meat cutter machine, large dough/batter beater machine, large walk-in freezer,3 soda machines (owned by vendors), refrigerator, fixtures, etc. 5 Year Lease expiring end of 2030 for $3400/month - Utilities approx $600/month . Current seating capacity: 13 tables with 4 chairs each. Potential for improvement - could benefit from remodeling to maximize the layout and create additional seating capacity, providing an opportunity for the new owner to further grow the business. Information on gross & net income will be available to willing & able buyers only.

Basement
No
Days On Market
5
Basement (*text)
No
Cooling (*text)
See Remarks
Heating
See Remarks
Property Location

40.65957, -74.20483

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GSMLS
buynjhome Jagdeep

Jagdeep Singh

+1(848)242-6762