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Businesses For Sale   >>   Essex Businesses For Sale   

Pizzeria Restaurant For Sale

Location  Essex County, New Jersey, United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1694187
Net Profit / Cash Flow  $300000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1986
Number of Employees  10 - 19
Inventory  $475,000 equipment & $2,500 inventory.
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  The owner will remain post-closing for 30 days and supply a transitional period.
Reason for Sale  Retiring after 28 years of success in this industry.

Description  
Super volume Pizzeria Restaurant business located in Northern New Jersey Essex County and located on a highly active and convenient county road with substantial traffic flow. The facility has a gross income of $1,694,187 and a yearly net income of $300,000 plus. The business income is originated from the sit down casual restaurant, deliveries and catering however the majority of income is derived from food delivery and pick up and catering. This particular business has twelve employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $28,000. The business has an assignable commercial lease which expires 2029-01-01 plus additional options, with a monthly rent of $9,000 and rent security $10,000. The business is a newly built ultra-modern free stranding facility which consists of 4,200 square feet and has a capacity for approximately ninety five customers. The business transaction includes a fully equipped Pizzeria Restaurant including a newer commercial kitchen, refrigeration & freezer units, POS system, delivery van, prep kitchen, various kitchen equipment, displays, shelving, tables, computers, including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private 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 to conduct business at this facility and the required city licenses to conduct its day to day business. Highly successful family business which was established in 1908 and has developed into a business that specialize in personalized service, diversified Italian cuisine and uncompromising quality.


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