Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
Broker Contact Form
Name

Email

Phone

Comment


Successful Pizzeria
(Food & Beverage , Pizzeria)
Hudson County , NJ
Listed Price: $ 395,000
Listing ID: PZZA737

Listing DetailsGross Revenue: $ 962,180
Cash Flow: $ 121,601
FFE: $ 125,000 (Included in Price)
Reason for Sale:

Owner is relocating.


Training & Support:

If required the owner will remain post-closing and is prepared to supply a transitional & a two-week training period to the new owner / operator.


OperationsYear Established: 2011
Non-owner Payroll: $ 18,000
Employees: 9
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 10400
Monthly Rent: $ 5,679
Square Footage: 1800
Facilities:


This successful pizzeria consists of approximately 1,800 square feet and has an attractive and clean appearance. The business is on an active commercial avenue with hundreds of other active and successful retail businesses that produce a substantial number of daily shoppers. This opportunity is in Northern New Jersey, Hudson County, which consists of a highly populated urban city with numerous renters with continued demand for this industry.


SummaryBusiness Description:

Solid business opportunity for this highly successful pizzeria restaurant with a gross yearly income of $962,180, and a net income of $121,601. They are family owned and operated. Their full-service restaurant has plenty of seating available and offers private parties. The business gross income represents 50% delivery service to home or business or their customers often us the available pick up and takeout services. They are well known for their great pizza and Italian foods, wonderful atmosphere and dining area. They use only the best ingredients to make their pizza, like fresh mozzarella, imported San Marzano tomatoes, extra virgin olive oil and gourmet sauces cooked from scratch. They cook their pizzas with the old-world tradition, in a real wood fired brick oven at high temperatures that produces a flavor unlike any other. Many of their customers bring their own wine in order to take advantage of a wonderful dining experience. This pizzeria restaurant consists of nine full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $18,000. The business transaction has an assignable commercial lease which expires 08/31/2023, plus additional options available, with a monthly rent of $5,679, cost per square foot is estimated at $37.86 and rent security of approximately $10,400, personal guarantee 5% yearly increases. The business has been valued / priced at $395,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable 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 the 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. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business opportunity can be further expanded by the new operator by improving the existing marketing plan and the required local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.


Financing/Terms:


Available to qualified buyers.