MODERN PIZZERIA. Pzza805

Revenue: $520,000

Cash Flow: $70,000

FFE: $110,000 (Included in Price)

Inventory: $1,000 (Included in Price)

Reason For Sale:

The purpose of this business transaction is due to the owner retirement after many years in this industry.

Training & Support:

Training and owner support, the owner will remain after closing and is prepared to supply an appropriate transitional period to the new owner / operator.

Year Established: 2018

Days & Hours of Operation: Days Hours of operation, this new pizzeria restaurant business is active six days per week, closed Monday with hours from 10:30 am to 8:30 pm.

Owner Hours Per Week: Full Time

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: 3,700

Type of Location: Active commercial Mall

Square Footage: 1,800

Relocatable?: Yes

Facilities Information:

This successful retail facility consists of approximately 1,800 square feet have a modern professional appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Bergen County, which consists of various affluent and highly populated communities with continued demand for this industry.

Historical Summary:

Newer young ultra-modern Pizzeria restaurant in an affluent municipality of Bergen County, New Jersey. The business has a gross income of $520,000 and a consistent net yearly income. The business has recently been fully remolded with new quality equipment and a state-of-the-art image. The pizzeria income represents 75% delivery and pick up which continues to improve. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. The business is a few years old, fully remolded; the fixed assets have an estimated value of approximately $110,000 which is based on the replacement cost of the original buildout, representing equipment, licensing, tangible & nontangible, in addition to the multiple of the existing net yearly income. the sale consists of a fully equipped Restaurant which includes a commercial kitchen, refrigeration & freezer units, web site, social media components, POS system, displays, shelving, tables, web site, computers, modern lavatories, fire suppression system including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request.

Owner Qualifications:

For Qualifications purposes, this business opportunity industry does not require New Jersey 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 business opportunity is new and can be further expanded by the new operator by developing an appropriate advertising, marketing plan. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.

Financing/Terms:

seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.