Description

Popular family style pizzeria restaurant with a gross income of $468,000 and a net yearly income of $79,000 as an onsite owner operator. They serve traditional Italian cuisine as well as a variety of pizza and this casual Italian pizzeria restaurant is BYOB (with 2 liquor stores nearby) and offers many specials and delicious foods. The business is conveniently located near highly populated communities and offers a consistent delivery service to its customers. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a 45% investment return to the owner operator, the first year, prior to debt service. This industry does not require government agency approval to purchase. The business facility which consist of 1,435 square feet has a clean attractive and modern appearance. This pizzeria is on an active commercial avenue with various other active and successful businesses. This opportunity is located in Northern New Jersey, Passaic County, which consists of various highly populated urban communities with continued demand for this particular industry. This Pizzeria business has five employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $13,000. The business transaction will offer a new commercial lease which expires 2032-01-01 plus additional options, with a monthly rent of $2,000 and rent security $3,000.

Posted Sep 22, 2016

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