Great location for this long standing popular pizzeria restaurant in a wonderful area of Northern New Jersey and in the county of Bergen. The sale consists of a fully equipped with a full commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The pizzeria restaurant has five employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $6,800. The business has an assignable commercial lease which expires 2031-01-01 plus additional options, with a monthly rent of $4,000 and rent security $6,000. The business is located in a free stranding facility which consists of 1,800 square feet has a capacity for approximately fifty customers. The facility has appropriate private mall parking on site as part of the commercial lease. The company 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 state or city licenses to conduct its day to day business. 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 consistent investment return to the owner operator prior to debt service. The 2015 yearly gross income is $320,000 and the business has a yearly net income of $60,000 based on an onsite owner operator and prior to debt service. The business has been valued at $250,000 based on a multiple of the average net yearly income which includes 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.

Posted Jun 29, 2016

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