Pizzeria For Sale - Owner Financing
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $400000
Net Profit / Cash Flow $80000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2009
Number of Employees 6 - 9
Inventory $120,000 equipment & $1,000 inventory.
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training The seller will supply a transitional period and remain post closing for sixty days.
Reason for Sale Selling due to a serious illness and is forced to retire from the business.
Description Excellent opportunity to purchase this successful Pizzeria restaurant business in a highly active commercial area of Northern New Jersey in Passaic County, city of Clifton. This three year young ultra modern business must be sold due to the owner's illness forced retirement and priced well below market. The business has a production of $400,000 yearly and a consistent net income to the owner operator. The sale includes modern equipment and in a modern attractive facility. The facility has a seating capacity for forty (40) customers and has recently started a delivery service to its large customer base. The general area consists of an urban area with a huge population and a continued demand for this food service and product. The seller is prepared to offer financing with a moderate down payment and a five year payout term. The staff is not aware of the pending sale and is expected to remain post closing. The facility consists of 1,650 square feet on a busy commercial avenue and in a free standing store front. The facility is clean and ultra modern with a large commercial kitchen, private seating, modern bathrooms and lots of private seating. Wonderful location of Northern New Jersey, Passaic County in a commercial area near to various communities which require this food service. This business is also located in a highly populated urban area which includes various schools and businesses.
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