A golden opportunity awaits with this profitable pizza bar restaurant, a gem nestled in the vibrant Savin Rock Plaza, right in front of the beach boardwalk. This thriving establishment not only boasts a solid business model with no losses over the last two years but also comes fully equipped with modern conveniences designed to enhance the customer experience and encourage longer stays. Included in the sale are all kitchen equipment, the pizza oven, bar tables and chairs, ensuring a seamless transition to operation. Patrons can enjoy the convenience of phone chargers at every other seat and coat/purse hooks under the bar. Customers can enjoy the dedicated billiard area that provides plenty of space for play and socializing. A covered high fenced private patio area with direct access from inside the pizza bar offers guests a private year-round dining option. Large restrooms are on site and a private manager's office at the back allows for discreet business operations. The daily traffic count averages 5, 500, ensuring a steady flow of potential customers drawn by the allure of the nearby beach boardwalk. Located within a strip mall, this pizza bar benefits from ample parking, making it a convenient destination for both quick visits and extended gatherings. The current team of employees is eager to stay on board, promising a smooth transition and continuity of the friendly service that the restaurant is known for. This turnkey pizza bar restaurant is ready for an entrepreneur to continue its legacy. Seats inside: 36 Seating outside on attached patio: 20
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William Raveis Mortgage, LLC
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $120,000 | $120,000 | $120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $329 | $329 | $329 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $819 | $798 | $1,012 |
Total Monthly Payment | $1,223 | $1,202 | $1,416 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.