Description

Ultra-modern three-year young pizzeria restaurant on an active commercial avenue in a highly populated municipality city located in Bergen County, New Jersey. The business has a limited delivery service which can be further increased to improve the present income. The business assets have an estimated value of approximately $170,000, based on the past year corporate tax returns. The sale consists of a fully equipped commercial pizzeria Restaurant which includes 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. This particular business has one full & one-part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $4,450. The business has an assignable commercial lease which expires 2026-01-01 plus additional options, with a monthly rent of $3,400 and rent security $4,950. The business is located in a free stranding facility which consists of 2,700 square feet and has a capacity for approximately sixty on site customers. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active seven days per week, with hours from 12:00 noon to 10:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city food 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 32% investment return to the owner operator prior to debt service. The 2015 yearly gross income is $468,000 and the business has a yearly net income of $85,000 based on an onsite owner operator and prior to debt service.

Posted Sep 23, 2016

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