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Businesses For Sale   >>   Union Businesses For Sale   

Quaint Pizzeria Restaurant

Location  Union County, New Jersey, United States
Asking Price Range  < $250K
Gross Revenues  $330000
Net Profit / Cash Flow  $65000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1975
Number of Employees  4 - 5
Inventory  90000 Equipment & 1500 Inventory
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  The owner will remain after closing and supply an appropriate transitional period.
Reason for Sale  Owner is retiring after many years of success in this food service industry.

Description  
Quaint Pizzeria Restaurant business in Union County, New Jersey on an active commercial avenue and in a popular mall. The sale includes a commercial lease at a modest rent cost. The owner will finance the sale and remain post closing to train a new operator. The sale includes a fully equipped commercial kitchen, table's chairs, cooking utensils and various equipment required to maintain this food service operation. This particular business has four 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 2024-01-01 plus additional options, with a monthly rent of $2,250 and rent security $4,500. 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 9:00 pm. The sale includes a certificate of occupancy from the particular municipality and a food license approval. The owner is retiring after many successful years in this food service industry. Based on the asking price, required down payment and yearly net income, this business expect to supply a 50% investment return to the owner operator.


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