| This is a long established Pizzeria Restaurant more then 10 years old. with High volume weekly sale about $10,000. This business is in a busy strip center on major road of Philadelphia. Business is in about 1800 Sq ft at very reasonable rent 3400/month with ample parking space. Current lease still has three years plus five years option.This business is located on an active commercial avenue and surrounding neighbor hood with continued demand for this popular food service. This business has three full time and four part time employees who are unaware of the pending sale and fully expected to remain post closing, Monthly payroll of approximately is about $10,500. 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. |
