PIZZA RESTAURANT $99,900 PZZA832

Price: $99,900

Location: Middlesex , New Jersey

Industry: Pizza

Listing ID: PZZA832

Pizza Restaurant in an excellent area of Northern NJ, Middlesex County. This restaurant and pizzeria is located on an active high traffic County road, near various state highways. The business has a 2024 projected gross income of $475,000 and a dependable net income to the owner operator. The gross income represents 60% delivery to its various customers. Although this is a fifteen year old restaurant, the present owner purchased this in 2023 as an absentee owner and desires to sell due to unavailability to maintain this company. The price has been reduced to an asset sale based on the value of the equipment and present gross income. All of their pizzas are made with fresh mozzarella, cooked to perfection, and topped with fresh basil. They have a large selection of pizzas including their special Original, Vegetable pie, Four Cheese, Philly cheese steak, Pesto pie, Chicken Parmigianino pie, Vodka pie, and many more! They have a variety of appetizers, soups, salads, Panini’s, and authentic coal oven pizza, they also have chicken, seafood, veal and pasta entrees. The lunch specials include pasta dishes, their original 8” pizzette with up to three toppings, half hero with French fries, and their amazing Panini’s served with a signature side salad. They have an basic delivery service and offers catering. The business has a consistent income and is priced for an immediate sale. Based on the asking price, required down payment and net income this business should supply a dependable return on investment to the owner operator prior to debt service.

Listing Details

Form of Ownership:

LLC

Operation

Year Established: 2010

Year of Last Acquisition: 2023

Days & Hours of Operation: The business is active six days per week, hours 11:00 am to 10:00 pm.

Owner Hours Per Week: Absentee

Non-Owner Payroll: $16,000

Employees: This retail business requires five employees who are unaware of the pending sale and fully prepared to remain, monthly payroll is approximately $16,000.

Absentee Owner?: Yes

Location

Security on Lease: Three months

Lease Option: Yes Available

Monthly Rent: 4,900

Type of Location: Commercial

Square Footage: 1250

Relocatable?: Yes

Facilities Information:

The facility consists of 1,240 square feet with a seating capacity for 40 customers. The business has an open-stage kitchen, a walk-up area for fast service and ample private seating. Located in Middlesex County NJ in a modern mall and located on an active highly trafficked county road. The area has a large volume of workers and daily shoppers who frequently use this food service.

Summary

Competition:

No other similar pizza restaurants are in this area and the seller has agreed to supply a long-term non-compete agreement to the new operator.

Potential Growth:

With on-site ownership and an improved marketing program this business can be further improved and developed.

Financing/Terms:

seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating.

Ron Cervelli

contactus@regalconsultants.com

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