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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Pizzeria Restaurant
(Food & Beverage , Pizzeria)
Monmouth County , NJ
Listed Price: $ 475,000
Listing ID: PZZA710

Listing DetailsGross Revenue: $ 759,899
Cash Flow: $ 180,000
FFE: $ 275,000 (Included in Price)
Inventory: $ 2,500 (Included in Price)
Reason for Sale:

The owner is retiring after many years of success in the industry.


Training & Support:

The owner will remain post closing and supply an appropriate transitional period.


OperationsYear Established: 1992
Days & Hours of Operation: Mon.-Sun. 11am-10pm
Non-owner Payroll: $ 15,000
Employees: 8
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 12000
Monthly Rent: $ 6,700
Square Footage: 1900
Facilities:

This Pizzeria business is in Monmouth County, New Jersey on a US State Highway and in a highly active commercial mall with various retail businesses. The facility has been upgraded and is 1,900 square feet with a modern attractive image. The business has a walk-up counter for quick service and lots of private seating for fifty-five customers.


SummaryBusiness Description:

Excellent opportunity for this high volume, successful Pizzeria Restaurant in a prime area of Monmouth County, New Jersey. The business has a dependable yearly gross income of $759,899 plus undisclosed income, representing a minimum of $20,000 weekly and a consistent yearly net income to the owner operator. The facility has a clean and modern image consists of 1,900 square feet with a seating capacity for fifty-five (55) customers. The business produces a consistent income and thirty-six percent of the sales represents delivery service. This pizzeria business is in an active commercial mall with various business which attract a large volume of daily shoppers and workers. The business is on a state highway with a substantial amount of drive by traffic. Based on the asking price, required down payment and yearly net income, this business expect to supply a solid investment return to the owner operator. This business has eight employees plus drivers who are unaware of the pending sale and fully expected to remain post closing, monthly payroll $15,000. The business has an assignable commercial lease which expires December 31, 2028, gross rent $6,700 monthly, all in, $42.32/sq. ft and rent security $12,000. First 5 years, 2% rent increases, second 5 years, 3% rent increases. The business is active seven days per week, with hours from 11:00 am to 10:00 pm. The business has been valued at $475,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with $125,000 down payment. This is a wonderful safe business opportunity. 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 and the owner has agreed to supply a long term non-compete agreement to the purchaser.


Potential Growth:

The business can further improve its catering service by upgrading its marketing plan which would represent further income to the bottom line.


Financing/Terms:

Available with a down payment of $125,000.