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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Pizzeria Restaurant Opportunity
(Food & Beverage , Pizzeria)
Bergen County , NJ
Listed Price: $ 99,000
Listing ID: PZZA708

Listing DetailsGross Revenue: $ 315,000
Cash Flow: $ 62,000
FFE: $ 170,000 (Included in Price)
Inventory: $ 2,000 (Included in Price)
Reason for Sale:

The owner is relocating out of the industry.


Training & Support:

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


OperationsYear Established: 2012
Days & Hours of Operation: Mon.-Sun. 12pm-10pm
Non-owner Payroll: $ 4,450
Employees: 2
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 4950
Monthly Rent: $ 3,400
Square Footage: 2750
Facilities:

This opportunity is located in Northern New Jersey, Bergen County, which consists of various affluent communities with continued demand for this particular industry. This modern attractive retail facility which consist of 2,750 square feet has a clean professional appearance. The business is in a mid-size commercial mall with various other active and successful businesses.


SummaryBusiness Description:

Ultra-modern five-year young pizzeria restaurant on an active commercial avenue in a highly populated municipality city located in Bergen County, New Jersey. The business has a limited delivery service which can be further increased to improve the present income. This particular business has one full & one-part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $4,450. The business has an assignable commercial lease which expires 2026-01-01 plus additional options, with a monthly rent of $3,400 and rent security $4,950. The business assets have an estimated value of approximately $170,000, based on the past year corporate tax returns. The business is active seven days per week, with hours from 12:00 noon to 10:00 pm. The business has been valued at $99,900, based on a multiple of the average net yearly income which includes the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. 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 32% investment return to the owner operator prior to debt service. 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:

The business presently has a limited marketing plan, poor web site and if improved can further develop the business bottom line net income.


Financing/Terms:

May be available to a qualified buyer.