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Businesses For Sale   >>   Somerset Businesses For Sale   

Modern Pizzeria Restaurant

Location  Somerset County, New Jersey, United States
Asking Price Range  $250K - $500K
Gross Revenues  $600000
Net Profit / Cash Flow  $85000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2008
Number of Employees  6 - 9
Inventory  270000
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Training  The owner will remain after closing and supply an appropriate transitional period.
Reason for Sale  Owner is relocating out of the area after many years of success.

Description  
Modern Pizzeria Restaurant in Somerset County, Central New Jersey and in the Hillsborough area. The business has a gross income of $600,000 yearly and a dependable net yearly income to the owner operator. The facility is located in a modern mall with various other active businesses. The sale includes a long lease with additional extensions. This particular business has six employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll $7,400. The business has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $5,300 and rent security $10,000. The sale include a full commercial kitchen, POS system, refrigeration / Freezer units, tables, chairs and a large assortment of equipment required for this particular industry. The facility has private parking on site and part of the commercial lease agreement. The business is active seven days per week, with hours from 12:00 pm to 9:30 pm. 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 25% investment return to the owner operator.


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