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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Modern Pizzeria Restaurant
(Food & Beverage , Pizzeria)
Passaic County , NJ
Listed Price: $ 179,000
Listing ID: PZZA713

Listing DetailsGross Revenue: $ 440,000
Cash Flow: $ 68,000
FFE: $ 110,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

Owner is retiring.


Training & Support:

The seller will remain after closing and supply a long-term transitional period.


OperationsYear Established: 1990
Days & Hours of Operation: Mon.-Sun. 11am-10pm
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 5000
Monthly Rent: $ 3,500
Square Footage: 2000
Facilities:

This business is located in a commercial highly active area of Passaic County, New Jersey near various county roads and close to the Garden State Parkway. This City has a huge population and the business services multiple communities throughout the area. The facility consists of 2,000 square feet in a modern mall setting with a seating capacity for forty-five customers and additional exterior seating for six. The facility has a clean attractive image and has been fully maintained with up to date equipment. The site has substantial private parking at the location.


SummaryBusiness Description:

Owner is relocating and has priced this successful Pizzeria Restaurant business very competitively. The business is in an active commercial area of Passaic County, New Jersey. The facility is 2,000 square feet and is located in a commercial mall with ample parking and in close proximity of numerous other successful businesses. The seller has elected to move onto an alternative industry and will supply a non-compete agreement to the purchaser. The seller will also provide post training and finance the sale to a qualified buyer. The sale includes a long-term commercial lease at a reasonable rent cost. This business presently has five employees who are unaware of the pending sale and expected to remain post closing. The business is operational seven days weekly with hours from 11:00 am to 10:00 pm. The price has been set at a very reasonable cost and below market value. Based on the asking price, required down payment and net income this business should supply a 25% return to the owner operator prior to debt service. This is an excellent safe business opportunity. Because the sale of this business is confidential to the employees and public, all viewings are by appointment only. Photo may not represent the particular business.


Competition:

This general area has limited competitors and the seller has agreed to supply a long term non-compete agreement to the new operator.


Potential Growth:

By implementing an improved marketing plan the food business can further improve and develop representing a high net profit to the owner operator.


Financing/Terms:

Can be available to a qualified buyer with an appropriate down payment.