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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Pizzeria Restauant
(Food & Beverage , Pizzeria)
Passaic County , NJ
Listed Price: $ 199,000
Listing ID: PZZA706

Listing DetailsGross Revenue: $ 462,749
Cash Flow: $ 103,780
FFE: $ 95,000 (Included in Price)
Inventory: $ 1,200 (Included in Price)
Reason for Sale:

The sale is due to the owner relocating out of the state of New Jersey.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller will supply additional training at a fair cost to the purchaser.


OperationsYear Established: 1999
Days & Hours of Operation: Mon.-Sun. 11am-9:30pm
Non-owner Payroll: $ 8,800
Employees: 3
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 8400
Monthly Rent: $ 3,139
Square Footage: 1925
Facilities:

This attractive retail facility which consist of 1,925 square feet and has a modern, professional appearance. The business is in a highly active commercial setting with various other active and successful businesses. This opportunity is in North Central New Jersey, Passaic County, which consists of various affluent highly populated, affluent communities with continued demand for this food product.


SummaryBusiness Description:

Solid business purchase opportunity for this ultra-modern pizzeria and restaurant in a highly active commercial mall in Passaic county New Jersey with a growing weekly gross income. This successful Pizzeria has been upgraded and is equipped for high production and requires an onsite owner operator to further expand. The business supplies limited delivery / catering at this time which can substantially increase the gross sales. The business has a wonderful stage kitchen with a modern attractive image. This company has three full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $8,800. The business has an assignable commercial lease which expires 2024-01-01, plus additional options, with a monthly rent of $3,139, cost per square foot is estimated at $27.95, and rent security of approximately $8,400. The business fixed assets has an estimated value of approximately $95,000 which is based on equipment and licensing replacement cost. This successful pizzeria restaurant business operation is active seven days per week, with hours from 11:00 am to 9:30 pm. The sale 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. The business has been valued / priced at $199,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, 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 photo does Not represent this particular business opportunity.


Competition:

To the best of our knowledge, 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 limited marketing plan, no web site and if improved can further develop the business yearly gross sales.


Financing/Terms:

Seller financing is available to a qualified buyer