Price: $239,899
Location: Bergen County, New Jersey
Industry: Restaurant
Listing ID: pzza809
High Volume Pizzeria business is located in an active modern mall and commercial area of Bergen County, New Jersey. This well-maintained 1,200 square foot facility has a seating capacity for fifteen patrons. The production is based on 75% pickup and delivery. The equipment is in excellent working condition and is designed for high volume and maximum production. The sale includes a long-term lease at fair rental value and the business will evidence a gross income of $917,592 plus discretionary income, prior to transfer of ownership. Based on the asking price, and yearly net income, this business expects to supply a consistent return on investment from the owner operator.
Listing Details
Revenue: $917,000
Cash Flow: $137,498
FFE: $120,000 (Included in Price)
Inventory: $1,000 (Included in Price)
Reason For Sale:
The owner is relocating out of the state of New Jersey.
Training & Support:
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
Operation
Year Established: 2000
Days & Hours of Operation: The pizzeria is operational seven days weekly with hours from 11:00 am to 9:00 pm.
Owner Hours Per Week: Full Time
Employees: The business is fully equipped; with four employees who are not aware of the pending sale and is fully expected to remain post closing, monthly payroll is approximately $15,000.
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Monthly Rent: 4550
Type of Location: Active commercial Mall
Square Footage: 1200
Relocatable?: Yes
Facilities Information:
The business located in an upscale community of Bergen County, New Jersey with continued demand for this food service. The business is in a high-volume shopping mall with many other successful retail companies. This facility consists of 1,200 square feet with a clean setting with a modern appearance.
Summary
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 the local advertising for additional pick up and delivery. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business 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.
