|
Pizzeria Business
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $465000
Net Profit / Cash Flow $80000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1960
Number of Employees 6 - 9
Inventory 125000 Equipment & 1500 Inventory
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training The seller will supply a full transitional period and remain 45 days post closing.
Reason for Sale Retiring after forty successful years in this industry.
Description Forty year old highly successful Pizzeria business in a wonderful area of Bergen County NJ. This food service business has a long standing reputation for great food and excellent service. The present owner is retiring after many years at this location. Due to the owners desire to retire the business presently produces $465,000 yearly sales with limited hours of 3:00 pm to 9:30 pm. However during previous years the owner produced $15,000 average weekly income by opening for lunch and maintaining an advertising budget. The facility is minutes from the GW Bridge and the NY Lincoln Tunnel and services a highly populated upscale area consisting of numerous Bergen County communities. The sale includes a huge commercial kitchen, various refrigeration and freezers, tables, chairs and various equipment required for this food industry. The building has a legal capacity for 75 patrons, 2,000 sq ft, with a large basement. Adequate private & municipal parking is on the site and part of the lease agreement. The business is operational seven day weekly hours from 3:00 pm to 9:30 pm. The business has a municipal food handler s license & C.O. for this facility. The sale includes a fifteen year commercial lease with a monthly rent of $6,500. The sale will include all employees who are expected to remain post closing. The business facility is clean modern with an attractive image and based on its quality equipment is capable of producing a high volume of food production. The owner is prepared to train and remain post closing to assist the purchaser. Owner financing is available to qualified buyers.
Click Here To Contact Seller
|
|
