Owner Financing is Available!
Business Overview:
Alternative business out of the general area forces the sale of
this ultra modern highly active Pizzeria business located in an
urban area of Essex County, New Jersey. The facility is
located in a modern mall and on a high traffic North Jersey
highway with lots of drive by customers. The business has a
newer fully equipped commercial kitchen with a large walk up
counter and lots of private parking. The business has a yearly
gross income of $300,000 and a net income to an owner
operator of approximately $65,000. The sale includes a full
kitchen, multiple ovens, refrigeration, freezer units, and
various equipment required to effectively maintain this
business. The facility has a legal capacity for 65 customer on
one main floor with no basement. Plenty private mall parking
is on the site and part of the lease agreement. This is a
seven day operation with hours from 11:00 am to 10:00 pm.
The business has a municipal food handler s license to
supply food to the general public. The business has a long
term thirteen year lease with a modest yearly rent of $28,200.
The seller will supply a five year and five mile non compete
agreement to the purchaser. The opportunity is solid
because of the amount of residents and working people in
the city offers a substantial growth potential. This business
opportunity has been priced very fairly for a rapid sale and
must be seen to fully appreciate.
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 facility consists of 1,750 square feet in a modern attractive commercial mall with numerous other active businesses. The facility has been designed for fast service with a large walk up counter and a large commercial kitchen.Located in Newark, a major urban city of New Jersey and in the heart of a downtown commercial area. This city has a population of 150,000 and an additional 50,000 working commuters who represent daily workers who require this food service.
Market Competition and Expansion:
No other Pizzeria restaurants are in the particular area of this business location. With on site ownership, an improved marketing plan for an effective delivery service the business can obtain a substantial increase in revenue.
Reason for Selling:
Owner is absentee and involved in other business.
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.