Super volume Pizzeria available to purchase with the property located in an active urban area of Essex County, New Jersey. The price has been set very competitively well below fair market value with owner financing.
The business is located on an active commercial avenue with continued demand for this food service. Ninety (90%) of the sales represents pick up / take out service resulting in a substantial investment return to the owner operator. The property also has a rental unit and collects $1,300 monthly.
The sale includes, displays, shelving, commercial kitchen, refrigeration / freezer units, POS system, tables, chairs, computers, including all the necessary equipment to maintain the day to day operation. This particular business has four employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll of approximately $16.000. The business is active seven days per week, with hours from 11:00 am to 10:00 PM. The facility has three private parking spaces and appropriate municipal parking nearby to the facility.
The sale includes a certificate of occupancy from the particular municipality and license approval from the health department. Based on the asking price, required down payment and yearly net income, this business expect to supply a 34% investment return to the owner operator. The facility consists of 2,000 square feet in a commercial setting with limited seating. The general area is a highly populated urban area with thousands of residents who require this particular food service.