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Businesses For Sale   >>   Union Businesses For Sale   

Modern Pizzeria

Location  Union County, New Jersey, United States
Asking Price Range  < $250K
Gross Revenues  $600000
Net Profit / Cash Flow  $100000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1995
Number of Employees  6 - 9
Inventory  150000 Equipment & 1500 Inventory
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Training  The seller will remain after closing and supply a long term transitional period.
Reason for Sale  Relocating out of general area.

Description  
Highly successful modern Pizzeria restaurant in a wonderful area of New Jersey. This is a real must to see for an attractive and modern pizzeria business located in a wonderful area of Union County, New Jersey. The business is twenty five years old and fully upgraded within the past two years. The sale will evidence a consistent gross weekly income of $12,000 with a solid net income return to the operator. The owner will offer a long term commercial lease with a modest & fair monthly rent cost. The business has a full staff consisting of six full time and 2 part time staff that will remain with the program after transition. This is a solid business and an excellent opportunity, a must to see to fully appreciate. The sale includes a fully turnkey operation, modern kitchen, refrigeration & freezer units, POS & phone system including various equipment required for this particular industry. The building has a seating capacity for 32 customers plus outdoor seating for 30. The facility is 1,800 square feet, on one main floor with a full basement and a private office. This retail business has six employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll of approximately $9,000. This business location has substantial private parking on the site and part of the lease. The business is operational seven days weekly with hours from 11:00 am to 9:00 pm. The business has a municipal food handler's license and a certificate of occupancy to conduct business at this location. The sales include a new fifteen year commercial lease with a monthly rent of $4,200, rent security of $4,200. Based on the asking price, required down payment and net income this business should supply a 37% return to the owner operator prior to debt service. Please call for additional information.


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