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Businesses For Sale   >>   Monmouth Businesses For Sale   

Successful Pizzeria

Location  Monmouth County, New Jersey, United States
Asking Price Range  < $250K
Gross Revenues  $385000
Net Profit / Cash Flow  $75000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1990
Number of Employees  6 - 9
Inventory  85000 Equipment & 1500 Inventory
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Training  The owner will remain post-closing for 30 days and supply a transitional period.
Reason for Sale  Retiring after many years of success in this industry.

Description  
Priced to sell this successful Pizzeria Restaurant in an active commercial mall of Monmouth County, New Jersey. The business has a gross yearly income of $385,000 and a consistent net yearly income of $75,000. The sale includes a long term commercial lease with a modest rent of $4,000 monthly. The business is active seven days weekly and 45% of its income represents delivery service. The seller will supply a training period and will finance to a qualified buyer. This particular business has six employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $6,200. The business has an assignable commercial lease which expires 2021-01-01 plus additional options, with a monthly rent of $4,000 and rent security $4,000. The business facility which consists of 1,500 square feet and has a customer capacity for approximately twenty five customers. The sale includes a fully equipped Pizzeria restaurant, commercial kitchen, POS system, tables, chairs, displays and various equipment required for this particular food service industry. The facility has appropriate mall private parking on site as part of the commercial lease. The business is active seven day per week, with hours from 11:30 am to 9:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required food license approval from the city. This is a solid business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 29% investment return to the owner operator.


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