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PRICE REDUCED 50% Down Pizzeria

Passaic County, NJ

Seller Financing Available
PRICE REDUCED 50% Down Pizzeria
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Asking Price: $129,000

Cash Flow: $123,858

Gross Revenue: $416,000

EBITDA: N/A

FF&E: $55,000

Inventory: $3,000

Rent: $1,445 /Month

Established: 2015

PRICE REDUCED 50% Down Pizzeria

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Business Description

Beautiful pizzeria located right off a main thoroughfare which runs through several towns. Very popular with township residents & nearby schools. Entrees & pizza are superior to many rival pizzerias in town. A very high percentage of business is from take-out & deliveries. FURNITURE, FIXTURES, & EQUIPMENT valued @ $55,000+/-, is included in sale. Landlord will offer a long term lease to qualified tenants. OTHER EXPENSES: Credit Card Fees $960, Office Supplies $600 & Pest Control $396 = $19,56. A new owner should do some advertising/promotion to increase gross sales. $40k in owner wages are in Annual Payroll. Financials are for year-end 2018. Contact Seth @ 201-317-4710 for additional details & showing.

Detailed Information

Location:
Passaic County, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,100
Lease Expiration:
N/A
Employees:
8 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1,100 square feet. All Furniture, Fixtures and Equipment are in very good working conditions and are included in sale. Plenty of free strip mall parking is available to the customers.
Competition:
There aren’t any pizzerias within 2 miles of this one. This is a major plus especially due to the high quality pizza, entrees, etc.
Growth & Expansion:
A new owner should do some advertising and promotion. There are many area schools due to the size of the town and many area sports teams as well. The marketing efforts should be geared to capturing more of this potential business.
Financing:
Seller will finance 50% for up to 36 months
Support & Training:
Yes
Reason for Selling:
The Seller has another small business and cannot devote enough time to pizzeria.
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Seth Kain

Business Listed By:
Seth Kain

Executive Business Brokers

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Sponsoring Broker:
Larry Bodner

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