ITALIAN RESTAURANT PIZZERIA NETS $575,767. PZZA788

Location: Bergen County, New Jersey

Industry: Restaurant

Listing ID: PZZA788

Owner retiring after twenty-five years of ownership for this highly successful casual Italian restaurant pizzeria with a yearly gross income of $2,129,815 and a verifiable net income of $575,767. This well-known eatery has an indoor seating capacity for seventy customers and an outdoor patio for fifty. The business is located in Northern New Jersey serving numerous affluent communities with continued demand for this service. This is a dependable safe business opportunity and based on the many years of consistent gross sales this business expects to continue to supply a consistent return on investment to the owner operator.

Listing Details

Revenue: $2,129,815

Cash Flow: $575,767

Accounts Receivable: $-2 (Included in Price)

FFE: $250,000 (Included in Price)

Inventory: $5,000 (Included in Price)

Reason For Sale:

The purpose of this business transaction is due to the owner retirement after many years of success at this location and in this particular industry.

Training & Support:

Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.

Location

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: 8,345

Type of Location: Commercial Avenue

Square Footage: 2,800

Relocatable?: Yes

Facilities Information:

This business opportunity is in northern New Jersey, Bergen County on a highly active commercial avenue with various retail companies.
This business facility consists of approximately 2,800 square feet with an attractive and clean appearance. The business is in a free-standing retail facility conveniently location for its various customers. The business has a wonderful outdoor patio for fifty.

Summary

Owner Qualifications:

For Qualifications purposes; this business opportunity does not require state government licensing approval to purchase or operate other than the standard required municipal licenses.

Competition:

Regarding 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:

Regarding growth and expansion, the retail operation can be further developed by increasing days of operation, improving the marketing system and local advertising. Additionally, the company has no web site and if adjusted can further develop the delivery service improving the yearly gross sales.

 

Financing/Terms:

SBA bank financing is available for this transaction and seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Ron Cervelli

contactus@regalconsultants.com

Fill Out Our NDA

Contact Us About This Listing

  • Hidden
  • This field is for validation purposes and should be left unchanged.