Price: $249,900
Location: Bergen County, New Jersey
Industry: Restaurant
Listing ID: pzza790
High Volume Pizzeria business located in an active modern mall and commercial area of Bergen County, New Jersey. This well maintained 1,300 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 $800,000 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 the owner operator.
Listing Details
Revenue: $800,000
Cash Flow: $120,000
FFE: $125,000 (Included in Price)
Inventory: $1,000 (Included in Price)
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.