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Broker Contact Information |
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Well Known Pizzeria/Restaurant | Listing ID: 20320 |
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| Asking Price: |
$795,000 |
Status: |
Active |
| Business Type: |
Fast Food Restaurant | Fine Dining Restaurant |
Reference #: |
06RES03 |
| Business Location: |
New Jersey |
Broker Coop: |
No |
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Bergen County County |
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Annual Income Information |
Labor Information |
| Gross Sales: |
$1,300,000 |
Full-Time Employee: |
8 |
| Cash Flow: |
$325,000 |
Part-Time Employee: |
6 |
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Business Detail Information |
Lease Information |
| Form of Ownership: |
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Leased SqFt: |
2,800 SF |
| Year Established: |
1976 |
Rent /Month (Include NNN): |
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| Accounting Info(years): |
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Lease Exp.Date: |
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| Franchise: |
No |
Original Lease (# of yrs): |
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| Liquor License: |
No |
Lease Left (# of yrs): |
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| Seating Available(#): |
95 |
Lease Option (# of yrs): |
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| Parking Space(#): |
28 |
Lease Renewable: |
Yes |
| Hours of Operation: |
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Lease Transferable: |
Yes |
| Reason For Sale: |
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Rent Increase: |
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| Seller Training Available: |
Yes |
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Price Description |
Financial Information |
| Real Estate Included: |
No |
Seller Cash Out: |
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| Real Estate Value: |
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Seller Financing Available: |
Yes |
| Fixture & Equipment Included: |
Yes |
Seller Financing Amount: |
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| Fixture & Equipment Value: |
$200,000 |
Seller Financing Term(years): |
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| Inventory Included: |
Yes |
Annual Interest Rate: |
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| Inventory Value: |
$10,000 |
Min. Down Requested: |
$400,000 |
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Business Description |
This pizzeria/restaurant is an institution in this busy Bergen County town. It has been at the same location for 32 years. Customers travel from miles away to eat in or take out. Approximately 60% of the business is take-out. The dining room seats 95 comfortably. A major retail/office development with nationally known tenants just opened next door. This is a rare opportunity to acquire a well known pizzeria/restaurant grossing $25,000+ per week with a history of strong earnings. |
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