Description Solid business opportunity for this successful bakery & pizza combo business in an active commercial mall of Northern NJ and in an affluent area of Morris County. The owner is retiring and will train and finance to a qualified buyer. The business is twenty years old, has been fully upgraded within the past three years and located in an attractive commercial mall. The business has an ultra modern appearance on an active commercial avenue.
The sale includes a fully equipped bakery with modern state of the art equipment and a high capacity for substantial production. The business presently has a gross income of $685,000 and a consistent net yearly income to the owner operator. They offer quality baked goods that are made from scratch with all natural ingredients. Their baked goods are the best possible and very well known in the area. They offer to their customer's quality service, delivery, catering, and pickup.
In addition to their bakery, they have an active pizzeria section which does not deliver and produces an additional income to the bottom line. The business is operational seven days weekly with moderate hours from 7:00 AM to 7:00 PM. This is a wonderful opportunity with continued growth potential to own this duel business with a solid income flow. The sale includes various state of the art high quality equipment which includes bakery kitchen equipment, pizza kitchen equipment, including various equipment required for this particular food industry.
The building has a legal capacity for 55 customers, 2,100 square feet, one main floor no basement. This retail food business has five employees with specific functions to maintain the day to day business operation. The staff is unaware of the pending sale and fully expected to remain post closing, monthly payroll is $15,000. The sale includes a ten year commercial lease, expires 2024/01/01 with a monthly rent payment of $4,250 and a rental security of $8,000.