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Businesses For Sale   >>   New Jersey Businesses For Sale Categories   >>   

Profitable Pizzeria For Sale

Location  New Jersey,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $990000
Net Profit / Cash Flow  $225000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1980
Number of Employees  10 - 19
Inventory  $175000 equipment & $1500 inventory.
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  Seller will supply a full transitional period to the new operator and will remain post closing for thirty days.
Reason for Sale  Owner is retiring after many successful years in this industry.
Description  Profitable Pizza Restaurant business in a prime area of Somerset County, New Jersey. This ten year old Pizzeria Restaurant is well known in the area for its excellent food and quality service. The business gross income averages $20,000 weekly with a high volume of catering and approximately forty percent delivery service. Located in an upscale and active community of Somerset County, NJ close to numerous highways in a large residential area with a continued demand for this food service. The business is located near numerous commercial businesses that also attract a large volume of daily shoppers. This business opportunity offers a long term commercial lease agreement with a modest rent cost. The business location has public utilities; however the landlord is responsible for waste, water and snow removal. The facility has an active commercial kitchen and seating for twenty customers. This is a solid business opportunity and should be viewed to fully appreciate. Based on the asking price, required down payment and net income this business should supply a 50% return to the owner operator prior to debt service.
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