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Pizzeria $16k Weekly

Location  New Jersey,United States
Asking Price Range  $250K - $500K
Gross Revenues  $823000
Net Profit / Cash Flow  $170000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2004
Number of Employees  10 - 19
Inventory  $175,000 equipment & $1,500 inventory.
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  The owner will remain post-closing for 30 days and supply a transitional period.
Reason for Sale  Retiring after many years in this food service industry.

Description  
High volume modern Pizzeria Restaurant business located in a most affluent area of Bergen County, New Jersey and in an active commercial mall with various successful businesses. The business has a yearly gross income of $832,000 and a consistent and dependable net yearly income to the owner operator. This Pizzeria is located at a highly active county road with thousands of drive by vehicles and minutes from Route 80 & state highway 46. The facility consists of 1,600 square feet with a fully equipped commercial kitchen, a modern walk up counter for fast food service and appropriate seating. The business has a solid customer base and 50% of the income represents delivery service. This particular business has ten employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $16,000. The business has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $4,690 and rent security of $8,000. The pizzeria facility which consists of 1,600 square feet has a capacity for approximately eighteen customers. The sale includes a modern and fully equipped pizzeria restaurant which includes a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, including all the necessary restaurant equipment to maintain the day to day business operation. The facility has appropriate mall private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 11:00 am to 10:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required food license approval from the city. The sale is due to absentee ownership who has priced this business opportunity fair & aggressively with owner financing.


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