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Businesses For Sale   >>   New Jersey Businesses For Sale

High Volume Pizzeria

Location  New Jersey,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $985000
Net Profit / Cash Flow  $250000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1996
Number of Employees  6 - 9
Inventory  275000
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Training  The owner will remain post closing and supply an appropriate transitional period.
Reason for Sale  Owner is retiring after many years of success.

Description  
Owner retiring after many years with this very successful high volume Pizzeria in a prime area of Monmouth County New Jersey. The business has a dependable yearly gross income of $985,000 and a consistent yearly net income to the owner operator. The facility which is clean and modern with a wonderful image consists of 2,400 square feet with a seating capacity for fifty five (55) customers. The business produces a consistent income and thirty five percent of the income represents delivery service. This restaurant business is located in an active commercial mall with various business which attract a large volume of daily shoppers and workers. The business is on a state highway with a substantial amount of drive by traffic. The sale includes a fully equipped commercial kitchen, refrigeration / freezer units, POS system, tables, chairs, computers, software for this industry, accounting software, training equipment including all the necessary equipment to maintain the day to day operation. This particular business has eight employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll $14,000. The business has an assignable commercial lease which expires 2023-01-01 plus additional options, with a monthly rent of $5,966 and rent security $10,000. The facility has substantial private mall parking on site as part of the commercial lease. The business is active seven days per week, with hours from 11:00 am to 10:00 PM. The sale includes a certificate of occupancy from the particular municipality and license approval for food service. Based on the asking price, required down payment and yearly net income, this business expect to supply a 27% investment return to the owner operator. This is a wonderful safe business opportunity.


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