Owner relocating and has priced this successful Pizzeria Restaurant business very competitively. The business in an active commercial area of Passaic County, New Jersey. The facility is 2,000 square feet and located in a commercial mall with ample parking and in close proximity of numerous other successful businesses. The seller has elected to move onto an alternative industry and will supply a non-compete agreement to the purchaser. The seller will also provide post training and finance the sale to a qualified buyer. The sale includes a long term commercial lease at a reasonable rent cost. The price has been set at a very reasonable cost and below market value. The sale includes a full commercial kitchen, POS system, refrigeration and freezers, including various equipment required for this particular industry. The building has a legal capacity for 45 customers, 2,000 square feet, one floor no basement. This retail business presently has five employees who are unaware of the pending sale and expected to remain post closing. This business location has substantial private parking on the site and part of the lease. The business is operational seven days weekly with hours from 11:00 am to 10:00 pm. The business has a municipal food handler’s license to conduct business. The business has an assignable ten-year commercial lease expiring August 1, 2018 with additional options and with a monthly rent of $3,500, rental security of $5,000. Based on the asking price, required down payment and net income this business should supply a 25% return to the owner operator prior to debt service. This is an excellent safe business opportunity. The business gross yearly income is $440,000 and a yearly net income of $68,000.00. The price has been set at $159,000 based on a multiple of the net yearly income and value of the business assets, also owner financing has been approved to qualified buyer. Because the sale of this business is confidential to the employees and public, all viewings are by appointment only. Photo may not represent the particular business.

Posted Jul 27, 2016

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