Highly successful modern Pizzeria restaurant in a wonderful area of New Jersey. This is a real must to see for an attractive and modern pizzeria business located in a wonderful area of Union County, New Jersey. The business is twenty-five years old and fully upgraded within the past two years. The sale will evidence a consistent gross weekly income of $12,000 with a solid net income return to the operator. The owner will offer a long term commercial lease with a modest & fair monthly rent cost. The business has a full staff consisting of six full time and 2-part time staff that will remain with the program after transition. This is a solid business and an excellent opportunity, a must to see to fully appreciate. The sale includes a fully turnkey operation, modern kitchen, refrigeration & freezer units, POS & phone system including various equipment required for this particular industry. The building has a seating capacity for 32 customers plus outdoor seating for 30. The facility is 1,800 square feet, on one main floor with a full basement and a private office This retail business has six employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll of approximately $9,000. 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 9:00 pm. The business has a municipal food handler’s license and a certificate of occupancy to conduct business at this location. The sales include a new fifteen-year commercial lease with a monthly rent of $4,200, rent security of $4,200. Based on the asking price, required down payment and net income this business should supply a 37% return to the owner operator prior to debt service. Please call for additional information. The business gross yearly income is $600,000 and a yearly net income of $100,000. The business has been valued at $250,000 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.

Posted Jun 7, 2016

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