Excellent opportunity and recently on the market for this high volume successful Pizzeria Restaurant in a prime area of Monmouth County, New Jersey. The business has a dependable yearly gross income of $1,000,000 and a consistent yearly net income to the owner operator. The facility which is clean and modern with a wonderful image consists of 1,950 square feet with a seating capacity for fifty-five (52) customers. The business produces a consistent income and thirty-six percent of the sales represents delivery service. This pizzeria business is located in an active commercial mall with various business which attract a large volume of daily shoppers and workers. The business is on a state highway with a substantial amount of drive by traffic. The sale includes a fully equipped commercial kitchen, refrigeration / freezer units, POS system, tables, chairs, computers, software for this industry, accounting software, training equipment including all the necessary equipment to maintain the day to day operation. This particular business has eight employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll $15,000. The business has an assignable commercial lease which expires 2023-01-01 plus additional options, with a monthly rent of $6,000 and rent security $12,000. The facility has substantial private mall parking on site as part of the commercial lease. The business is active seven days per week, with hours from 11:00 am to 10:00 pm. The sale includes a certificate of occupancy from the particular municipality and license approval for food service. Based on the asking price, required down payment and yearly net income, this business expect to supply a solid investment return to the owner operator. This is a wonderful safe business opportunity. The 2015 gross yearly income is $1,000,000 and a yearly net income of $225,000. The business has been valued at $625,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Asking Price $625,000
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