Owner Financing is Available
Business for Sale Overview:
A 17 year old, Family owned Pizzeria and Catering business located in a quaint town of Passaic County, New Jersey. The location enjoys an excellent reputation for its lunch and catering traffic. The business produces outstanding annual sales above $900,000 and the breakdown consists of approximately $360,000 in Pizzeria sales and $540,000 in catering. The business catering is 100% deliveries, provided to various local companies and 60% of the Pizzeria business is also deliveries. The catering traffic is derived from established business relationships throughout the Northern New Jersey area. The business facility contains a full kitchen and is located on a commercial avenue and prime community. This sale includes a long term lease with moderate rent increases. The business produces a reliable annual gross sales and a substantial net income of approximately $200,000. The owner is prepared to train and finance the sale to a qualified purchaser. This is an excellent opportunity to own a successful, high volume food business.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The business is located on a high traffic commercial avenue in Northern New Jersey. The facility is 1,500 square feet and is equipped with a large commercial kitchen for high volume production. An existing lease expiring on 2019 and with two additional 5 year options is available for transfer. Monthly rent is $1,400 with moderate annual increases.
Market Competition and Expansion:
No similar competition exists in this particular area. With a new marketing plan and additional advertising to extended areas, the business can see further growth.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.