Pizzeria For Sale
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1145000
Net Profit / Cash Flow $285000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1965
Number of Employees 10 - 19
Inventory 385000
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Seller will supply the buyer with a full training and transitional period and will remain post closing for sixty days.
Reason for Sale Retiring after thirty five successful years in the food service industry.
Description High volume Pizzeria & Catering business $22,000 weekly gross income and a Net yearly income of $275,000. The facility consists of a free standing building, ultra modern design, 2,400 square feet with a large dining room and separate fast food counter for walk in service. The facility has a seating capacity for 82 customers and a huge commercial kitchen. The facility also has a 1,800 square feet basement consisting of a large prep kitchen, walk in boxes and private office. The business is fully equipped with the highest quality equipment, well maintained and is in excellent working condition.
Located in an upscale North Jersey community and an active commercial area with many businesses and continued demand for this food service. There is also a large residential population in the surrounding municipalities who require this food product service.
The owner has retired after thirty five years in the industry and is prepared to train and remain post closing for a full transition period. The sale includes a long term lease at a reasonable rent and a first right of refusal option to purchase the real estate. Based on the asking price, required down payment and net income this business should supply a 25% return to the owner operator prior to debt service.
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