High Volume Pizzaria Restaurant with Property

This is a long established Pizzeria Restaurant more then 40 years old. with High volume weekly sale over 15000. It is available to purchase with the property which is located in an active area of Camden County, New Jersey. This Property is a Single standing building, about 3400 Sq ft with 13 parking space. This business is located on an active commercial avenue with continued demand for this popular food service. This business has five full time and six part time employees who are unaware of the pending sale and fully expected to remain post closing, Monthly payroll of approximately is about $20,000. The business is active seven days per week, with hours from 10:00 am to 10:00 PM. The business fixed assets has an estimated value of approximately $75,000 which is based on equipment replacement cost.The price has been set very competitively and based on fair market value. Based on the asking price and yearly net income, this business expect to supply a consistent investment return to the owner operator.The cash flow noted is for an owner/operator working 50 hrs/wk taking NO salary and before debt service. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only.
 
Geography: State:New Jersey  County:
Asking Price: $1,100,000
Cash Flow: $215,000
Down Payment: $300,000
Franchise: -
Reason for Selling: Retirement & Other Business
Re Inc.: Yes

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