Pizzeria with Bar license & Property

Pizzeria Restaurant & Bar License with property located in most affluent area of Cumberland County, NJ and in an active Main Street surrounding with various successful businesses. The business projected 2018 gross income is approximately $400,000. This Pizzeria is located at a highly active county road with lots of drive by vehicles . The facility consists of about 3000 square feet with a fully equipped commercial kitchen, a walk up counter for fast food service and appropriate seating for 50+ person. This business running with same owner from last 10 years with a solid customer base and 55% of the income represents delivery service. This particular business has two full time and two part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll about $8,000. This sale include a property which is assessment 410,000 in twp for 2018 and Liquor License "c" for Bar. The business with property and liquor license has been valued $600,000 and this sale is based on a multiple of the net yearly income along with equipment , the value of the property and Liquor License.This is a wonderful business opportunity for aggressive owner. Seller has a Health issued and looking for right offer for quick sale. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only.
 
Geography: State:New Jersey  County:
Asking Price: $600,000
Cash Flow: $93,000
Down Payment: $200,000
Franchise: -
Reason for Selling:
Re Inc.: Yes

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