Pizza, hoagies and steak business with real estate and seller financing for sale
(Pizza Restaurant, American Cuisine)
New Jersey
Listed Price: $ 1,400,000
Listing ID: 1540
Listing DetailsGross Revenue: $ 1,429,000
Cash Flow: $ 376,000
EBITA: $ 376,000
Real Estate: $ 150,000 (Included in Price)
Inventory: $ 5,000
Reason for Sale:
Retiring
Training & Support:
2 Weeks
OperationsYear Established: 1986
Last Acquired: 2002
Days & Hours of Operation: M-Th 9am-10pm, Fri & Sat 9am-11pm, Sun 11am-9pm
Employees: 20
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 1500
Type of Location: Stand Alone
SummaryBusiness Description:
Pizza, hoagies and steak business with real estate for sale. Established 38 years. Amazing food. Also does fundraisers for VFW, churches and schools. 60% delivery and 40% pickup. Delivery uses own car. Projected cash flow of $375,000. First time on market. Same owner for 22 years. Price $1,300,000 with seller financing $200,000 at 5%, 5 year balloon/20 year payout.
Financing/Terms:
Seller will hold $200,000 at 5%, 5 year balloon/20 year payout.