Pizza Nets $125,000 PZZA800

Price: $240,000

Location: Bergen County, New Jersey

Industry: Restaurant

Listing ID: pzza800

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 $850,000 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: $850,000

Cash Flow: $124,999

FFE: $120 (Included in Price)

Inventory: $999 (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

Days & Hours of Operation: The pizzeria is operational seven days weekly with hours from 11:00 am to 9:00 pm.

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.

Ron Cervelli

contactus@regalconsultants.com

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