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Businesses For Sale   >>   Essex Businesses For Sale   

Highly Active Pizzeria Restaurant

Location  Essex County, New Jersey, United States
Asking Price Range  < $250K
Gross Revenues  $364000
Net Profit / Cash Flow  $65000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2011
Number of Employees  4 - 5
Inventory  85000 Equipment & 1200 Inventory
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  The seller will remain after closing and supply a satisfactory transitional period.
Reason for Sale  Owner is absentee and involved in an alternative business.

Highly active Pizzeria Restaurant business is location in an urban area of Essex County, New Jersey. The facility is located in a modern mall and on a high traffic North Jersey highway with lots of drive by customers. The business has a newer fully equipped commercial kitchen with a large walk up counter and lots of private parking. The business has a yearly gross income of $364,000 and a net income to an owner operator of approximately $65,000. The opportunity is solid because of the amount of residents and working people in the city which offer a substantial growth potential. The sale includes a full kitchen, multiple ovens, refrigeration, freezer units, and various equipment required to effectively maintain this business. The sale includes various equipment required for this particular food industry. The facility is 1,750 square feet and has a legal capacity for 65 customers on one main floor with no basement. This retail business has four employees who are unaware of the pending sale and expected to remain post closing, monthly payroll $6,500. This business location has substantial private parking on the site and part of the lease. This is a seven day business operation with hours from 11:00 am to 10:00 pm. This particular industry does not require any particular license other than a certificate of occupancy to conduct its day to day operation and health food inspection from the city The business has an assignable commercial thirteen year lease which expires 2027/01/01 with a monthly rent of $2,350 and security $2,350. This business opportunity has been priced very fairly for a rapid sale and must be seen to fully appreciate. Based on the asking price, required down payment and net income this business should supply a 60% return to the owner operator prior to debt service. This is an excellent safe business opportunity.

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