Pizzeria In Mall
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $325000
Net Profit / Cash Flow $65000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2000
Number of Employees 4 - 5
Inventory 95000 Equipment & 1200 Inventory
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training Seller will supply a full transitional period to the new operator and remain post closing for sixty days.
Reason for Sale The present owner is semi absentee.
Description Long standing non-Franchise Pizzeria Business in prime area of Middlesex County, New Jersey. The business is located in an active high traffic commercial shopping center with various other food businesses that attract many daily shoppers and workers. This is a solid opportunity with a full staff that will remain after closing. The business is long established and enjoys a substantial income with 50% of the business generated from deliveries. The sale includes a large commercial kitchen, POS system, tables & chairs and all the required equipment necessary to maintain this business. Substantial private mall parking is included in the lease agreement. The business is active 7 days weekly, hours from 10:00 am to 10:00 pm. The sale includes a food handler s license from the municipality. The business has a ten year lease term with a monthly rent of $4,200 and modest annual rent increases. This opportunity has additional growth potential available with a full time owner operator and improved marketing. The facility consists of 1,500 square feet with an indoor seating capacity for 35 people. This facility is very modern, well maintained and all equipment is in excellent condition. Located in an active mall and a large metro city location serving a population area of approximately 150,000 residents with ample parking available for its customers. This location supports a large volume of daily shoppers and workers from outside areas.
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