Pizzeria Restaurant located in most affluent area of Bergen County, New Jersey and in an active commercial mall with various successful businesses. The business has a yearly gross income of $750,000 and a consistent and dependable net yearly income to the owner operator. This Pizzeria is located at a highly active county road with thousands of drive by vehicles and minutes from Route 80 & state highway 46. The facility consists of 1,600 square feet with a fully equipped commercial kitchen, a modern walk up counter for fast food service and appropriate seating. The business has a solid customer base and 50% of the income represents delivery service. The sale is due to absentee ownership who has priced this business opportunity fair & aggressively with owner financing. The sale includes a modern and fully equipped pizzeria restaurant which includes a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, including all the necessary restaurant equipment to maintain the day to day business operation. This particular business has ten employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $16,000. The business has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $4,690 and rent security of $8,000. The pizzeria facility which consists of 1,600 square feet has a capacity for approximately eighteen customers. The facility has appropriate mall private 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 the required food license approval from the city. The owner will remain post-closing for 30 days and supply a transitional period. This is a wonderful business opportunity, with continued growth potential and based on the asking price, required down payment and yearly net income, this business expect to supply a 27% investment return to the owner operator. 2015 gross yearly income is $750,000 and a yearly net income of $148,000. The business has been valued at $295,000 and this sale is based on a multiple of the net yearly income along with the value of the assets, seller financing has been conditionally approved to a qualified buyer. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Asking Price $295,000
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