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2 Pizza Franchise Restaurants

Location  New Jersey,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1200000
Net Profit / Cash Flow  $175000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2013
Number of Employees  10 - 19
Inventory  $650000 equipment & $2500 inventory.
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  The owner will remain after closing and supply an appropriate transitional period.
Reason for Sale  Corporate absentee owners.

Two Highly successful Pizza restaurant franchises located in modern active commercial Mall in Middlesex County, NJ. The sale includes two successful fast food Pizzeria restaurants with a gross income of $1,200,000 and a net yearly income of $175,000 based on a full time owner operator. The businesses can also be sold individually or as a package. These are newer facilities owned by an absentee corporate group who are marketing due to their absenteeism and unavailability to maintain the restaurants. Both locations are one year young and require further development in order to reach its high income potential. This Franchise Pizzeria is America's favorite pizza chain, according to a national study of more than 7,600 consumers conducted by Market Force, a customer intelligence solutions agency. Their family-friendly restaurants feature a delicious custom pizza buffet that includes pastas, salads, soup and desserts for a great price.This businesses require five employees for each location, none of the staff is aware of the pending sale and fully expected to remain post closing, monthly payroll $8,200. The businesses have an assignable commercial lease which expires 2023-01-01 with a monthly rent of $8,000 and rent security $1,600. The owners consists of an absentee corporate group. The sale includes two fully equipped commercial fast food restaurants which have a full kitchen, POS system, refrigeration and freezer units, numerous ovens and an assortment of equipment required for this particular industry. The facilities have private parking on site and part of the lease agreement. They currently have over 500 restaurants in 34 states and plan to continue to expand into new areas with 28 varieties of fresh pizza, delicious pastas, crisp salads and delectable desserts.

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