Modern Pizzeria Restaurant
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $625000
Net Profit / Cash Flow $110000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2010
Number of Employees 6 - 9
Inventory 175000 Equipment & 1500 Inventory
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training The seller will supply a full transitional period and remain 30 days post closing.
Reason for Sale This sale is due to a separation of absentee partnership.
Description Modern Pizzeria restaurant in the best area of Northern Bergen County NJ. This attractive pizzeria business is three years young and is well known in the industry for its wonderful food and great service. This six day operation produces an average yearly gross income of $625,000 with a substantial net income to the owner operator. The facility is 2,500 sq ft consisting of indoor and outdoor seating with a clean modern appearance. The sale includes a long term corporate lease agreement at a fair rental cost. All of the equipment is state of the art and in excellent working condition. This is a wonderful opportunity & money maker. Based on the asking price, required down payment and net income this business should supply a 28% return to the owner operator prior to debt service. The facility is ultra modern, consists of 2,500 square feet in an attractive mall setting with lots of private parking as part of the lease agreement. The facility has indoor and outdoor seating, offers separate seating area for private parties and offers on site catering. Located in a Northern New Jersey and in an upscale municipality of Bergen County and services various communities who frequent this particular food service. The location is convenient to the customers it serves.
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