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Businesses For Sale   >>   Morris Businesses For Sale   

Pizzeria Restaurant

Location  Morris County, New Jersey, United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $420000
Net Profit / Cash Flow  $96000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1985
Number of Employees  6 - 9
Inventory  175000 Equipment & 1500 Inventory
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Training  The owner will remain post closing for thirty days to supply a transitional period.
Reason for Sale  Owner is relocating to Arizona with family after many years of success.

Description  
Excellent opportunity to own this highly Pizzeria Restaurant with real estate located in Morris County, New Jersey. This high volume eatery is conveniently located on an active county road near to all the major highways including US Route 80. The sale includes the business and real estate which consists of a modern residential five room unit with a yearly rent of $16,200. The restaurant has been fully upgraded during the past few years with a clean attractive image. The business has substantial growth potential if the new operator includes delivery service and institutes a marketing plan. The sale includes a brick oven various displays, shelving, commercial kitchen, refrigeration / freezer units, POS system, tables, chairs, computers, software for this industry, accounting software, including all the necessary equipment to maintain the day to day operation. This particular business has six employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll $13,200. Not applicable, the owner is marketing the business and property. The facility consists of 2,000 square feet with a comfortable seating capacity for seventy five patrons. The site has a full basement used for storage and lots of private parking. The facility has appropriate private parking on site for approximately thirty vehicles. The business is active six days per week, closed Monday, from 11:00 am to 9:00 pm. The sale includes a certificate of occupancy from the particular municipality and approval from the health department. Based on the asking price, required down payment and yearly net income, this business expect to supply a 25% investment return to the owner operator.


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