Business Overview:
A high volume Pizzeria in a prime commercial area of Passaic County, NJ. The facility is located on a high traffic urban avenue with a continued demand for food and lunch service. The facility is located on a high traffic urban avenue with a continued demand for food and lunch service. The business offering includes a long term lease with modest rent payments. This is a seven day operation, well known and frequently visited in this active town with a high volume of deliveries. The business is clean and modern and all equipment is in excellent working condition. The operation produces outstanding yearly gross sales of $1,200,000 with a substantial net income for the owner operator. This is a solid buy at fair market value.
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Property Features and Assets:
The business is on a busy high traffic commercial avenue with many other businesses and lots of walk in traffic. The facility consists of 1,200 square feet with an indoor seating capacity for 24 people. The facility is well maintained, modern and has been designed for high volume sales. An existing lease expiring on 2015 and with two additional 5 year options is available for transfer. The monthly base rent payment is presently $2,097.24 which includes cam charges.
Market Competition and Expansion:
No other similar high volume Pizzeria businesses are in the general area.With an ongoing marketing plan this business can be further developed.
Reason for Selling:
Moving into the wholesale industry
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.