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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Successful Pizzeria
(Food & Beverage , Pizzeria)
Bergen County , NJ
Listed Price: $ 99,000
Listing ID: PZZA457

Listing DetailsGross Revenue: $ 468,000
Cash Flow: $ 80,000
FFE: $ 45,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The sale is due to the owner is retirement due to family illness.


Training & Support:

The seller / owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsDays & Hours of Operation: Mon.-Sun. 11am-9pm
Non-owner Payroll: $ 8,500
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 2600
Monthly Rent: $ 1,800
Square Footage: 1220
Facilities:

The pizzeria is conveniently located on an active county road in Southern Bergen County, New Jersey. The general area is made up of highly populated residential communities with continued demand for this food product. This successful retail facility which consist of 1,220 square feet has a modern clean attractive appearance.


SummaryBusiness Description:

Priced to sell, this long standing successful pizzeria with a $468,000 yearly gross income and a consistent net yearly income of $80,000. Owner retiring due to illness and will consider some financing to a qualified buyer. The business sales represent 55% delivery which can be further improved with a web site and marketing system. This business expects to supply a consistent and dependable investment return to the owner operator prior to debt service. This company has five employees, which include drivers, who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll cost is approximately $8,500.The business will be supplied a new commercial lease to expire 2028-01-01 plus additional options, with a monthly rent of $1,800, cost per square foot is estimated at $17.50 and rent security of approximately $2,600. The business is in a free stranding commercial facility, on an active county road, consists of approximately 1,220 square feet and has an estimated capacity for twenty customers. The business fixed assets has an estimated value of approximately $45,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped restaurant pizzeria which includes a commercial kitchen, refrigeration & freezer units, displays, shelving, tables, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate municipal parking on site as part of the commercial lease. This successful pizzeria business operation is active seven days per week, with hours from 11:00 am to 9:00 pm. The sale of this pizzeria includes all required documentation including a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business presently has a very basic marketing plan, no web site and if improved can further develop the business yearly gross sales.


Financing/Terms:

N/A