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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Attractive Modern Pizzeria
(Food & Beverage , Pizzeria)
Essex County , NJ
Listed Price: $ 110,000
Listing ID: PZZA687

Listing DetailsGross Revenue: $ 395,000
Cash Flow: $ 60,000
FFE: $ 175,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The sale is due to family partnership separation.


Training & Support:

The owner will remain after-closing in order to supply an appropriate transitional period to the new operator.


OperationsYear Established: 2016
Days & Hours of Operation: Mon.-Sat. 11am-9pm
Non-owner Payroll: $ 16,000
Employees: 12
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 5000
Monthly Rent: $ 2,500
Square Footage: 2100
Facilities:

This is a modern one-year young retail facility which consist of 2,100 square feet with a modern attractive appearance. The business is in a commercial setting with various other active and successful businesses. This opportunity is located in Northern New Jersey, Essex County, which consists of various affluent communities with continued demand for this food product.


SummaryBusiness Description:

New Modern Pizzeria with a gross income of $395,000 and a weekly net income of $9,000. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. This retail company is six months new and expect continued growth within the next few months. This industry does not require government licensing approval to purchase. This pizzeria business has twelve full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $16,000. The business has an assignable commercial lease which expires 2026-01-01 plus additional options, with a monthly rent of $2,500, cost per square foot is $15.00 and rent security $5,000. The business is located on an active commercial avenue which consists of 2,100 square feet has a capacity for approximately twenty-five customers. The business fixed assets has an estimated value of approximately $175,000 which is based on replacement cost and the sale consists of a fully equipped restaurant pizzeria which includes a commercial kitchen, pizza oven, refrigeration & freezer units, POS system, 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 private parking on site as part of the commercial lease. The business is active six days per week, closed Sunday with hours from 11:00 am to 9:00 pm. The sale includes a certificate of occupancy from the municipality and the required city licenses to conduct its day to day business. The business has been valued at $110,000 based on a multiple of the net yearly income including the value of the specific business assets and seller financing is available with a $70,000 down payment. Please do not disturb business, this sale is absolutely 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 and the owner has agreed to supply a long term non-compete agreement to the purchaser.


Potential Growth:

This new pizzeria restaurant has a limited marketing plan, no web site and if improved can further develop the business bottom line net income. Also, the restaurant currently has no delivery.


Financing/Terms:

Available with a down payment of $70,000.