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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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High Volume Pizzeria/Deli
(Food & Beverage , Pizzeria)
Passaic County, NJ
Listed Price: $ 295,000
Listing ID: PZZA705

Listing DetailsGross Revenue: $ 680,000
Cash Flow: $ 123,000
FFE: $ 145,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

Owner is relocating to new noncompetitive restaurant opportunity out of the area


Training & Support:

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


OperationsYear Established: 1997
Days & Hours of Operation: Mon.-Sun. 7am-9pm
Non-owner Payroll: $ 8,700
Employees: 3
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 8000
Monthly Rent: $ 4,585
Square Footage: 1500
Facilities:

This business opportunity is in Northern New Jersey, Sussex County. This general area consists of various businesses and highly populated communities with continued demand for this industry. The facility consists of approximately 1,500 square feet and has an attractive and modern appearance. The business is in an attractive mid-size commercial mall with various other active businesses.


SummaryBusiness Description:

Solid and successful business opportunity for this high-volume pizzeria and deli located in Northern New Jersey, Passaic County. The owner is relocating into a noncompetitive business out of the immediate area. The payroll is routinely based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $8,700. Regarding employees and payroll, this retail company has three full / part time employees who are unaware of the pending sale. The business transaction has an assignable commercial lease which expires 2028-01-01, plus additional options available, with a monthly rent of $4,585, cost per square foot is estimated at $36.66, and rent security of approximately $8,000. The business fixed assets has an estimated value of approximately $145,000 which is specifically based on equipment and licensing replacement cost. This successful deli food mart business operation is active seven days per week, with hours from 7:00 am to 9:00 pm. This business sale includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. The business has been valued / priced at $295,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.


Competition:

Regarding 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 can be further expanded with a new operator, with an improved marketing plan, local advertising, delivery and web site which can further develop the business gross sales.


Financing/Terms:

Available to a qualified buyer with an appropriate down payment.