|
Profitable Pizzeria
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $400000
Net Profit / Cash Flow $90000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1975
Number of Employees 4 - 5
Inventory 120000 Equipment & 1500 Inventory
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training The seller will remain after closing and supply an appropriate transitional period.
Reason for Sale The owner is retiring after many years of success in this food industry.
Description Very well known successful Pizzeria restaurant located at this location for the past thirty seven years. This six day operation has a consistent gross income of $8,000 weekly and a consistent net yearly income to the owner operator. The business operation has a full menu and 50% of the income is based on delivery service. This active Pizzeria business is located on a busy avenue in an urban area of Bergen County, New Jersey close to the NJ Giant stadium and the Meadowlands. Everything is made fresh to order and specializes in authentic Italian pastas and sauces and serves all the favorites including hot and cold subs, soups and salads. The facility is also on a commercial avenue with a large volume of businesses with a great deal of drive by traffic. The business has a fully equipped commercial kitchen with a walk up counter and lots of municipal parking. This is a highly populated urban area with a huge volume of residents and businesses which require this type of food service. This business opportunity has been priced very fairly for a rapid sale and must be seen to fully appreciate.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 consists of 1,400 square feet with a clean modern image and all equipment is in excellent working condition. This facility has a commercial kitchen with a walk up counter to service its customers.
Click Here To Contact Seller
|
|
