Ultra Modern Pizzeria / Banquet In Large Facility
Location: United States -> New Jersey -> Passaic County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Businesses for sale Summary
This is a very modern Pizzeria / Banquet located on a busy road in Passaic County, New Jersey. The 9,600 square feet of the free standing building consists of two kitchens and many rooms to accommodate its private parties. This facility has a seating capacity of 300 customers. The business does an outstanding number of over 1 million dollars in gross sales and can be increased substantially with a delivery service. The owner needs to sell due to personal reasons and will finance the sale. A valuable liquor license is also included in the sale. The facility consists of 9,600 square feet with two kitchens and many rooms for private parties. It seats 300 and has onsite parking for over 100 vehicles. The business was established in 1977 and is very modern and well maintained. The seller owns the property and will issue a new long term lease to the buyer.
Financials
Asking Price Range: $500K – $1.0M
Gross Revenues: $1,030,000
Cash Flow: $190,000
Cash Flow Type: EBITDA
Inventory: 170000 Equipment Only
Seller Financing: Yes
About The Business
Year Established: 1977
Number of Employees: 1 – 3
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: The seller will provide a full due diligence period.
Reason For Selling: Personal
