High Volume Pizzeria
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $725000
Net Profit / Cash Flow $145000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1985
Number of Employees 10 - 19
Inventory 220000 Equipment & 2000 Inventory
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training The seller will supply a full training and transitional period to the new operator.
Reason for Sale The owner is absentee and has multiple businesses.
Description Pizzeria & Restaurant business in an active urban area of Bergen County, Northern New Jersey and minutes from the George Washington Bridge. The business is located in an active community, on a high traffic county road with many other commercial businesses. The facility consists of 2,000 square feet with a seating capacity for fifty (50) customers and private parking as part of the lease agreement. The business has a yearly gross income of $725,000. The business produces 35% pizza and 50% of the income represents pick up and deliveries. The sale includes a long term commercial lease at a fair rent with modest rent increases. All of the equipment has been upgraded and in excellent working condition. The owner will supply training and financing to a qualified buyer. This is a wonderful business opportunity to own a highly successful Pizzeria Restaurant business in a wonderful area of New Jersey with a consistent high cash flow. Based on the yearly net income and required down payment purchaser will obtain a 30% return on investment prior to debt service. The facility consists of 2,000 square feet with a clean modern image and a seating capacity for 52 customers. The business has a large commercial kitchen, adequate private parking, lots of storage areas and no basement. Located in an urban area of northern New Jersey in a high traffic commercial mall near the GWB with continued demand for this particular type of food business.
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