Price: $250,000
Location: Bergen County, New Jersey
Industry: Pizza
Listing ID: PZZA822
River view, modern pizzeria restaurant with gross sales of $800,000 yearly and a consistent net yearly income to the owner operator. The owner is relocating out of state and has priced the business quite aggressively and below market value. Very unique opportunity with 95% of the income based on pick up and delivery. The owner will be financing to a qualified buyer. All food is made fresh from scratch, and they do not cut any corners on quality. Dine-In, Take-Out, Delivery, BYOB, By the Pie, by the Slice, Square, Round, Personal, Pasta, Salad, Sandwiches, and a few Vegan options, they have something fresh for everybody. This is a dependable safe business opportunity and based on the asking price, owner financing available and yearly net income, this business expects to supply a consistent return on investment to the owner operator. The 2021 yearly gross income as represented by the owner is estimated at $800,000 and the business has a yearly net income of approximately $95,000 + based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2023 income is expected to be similar or greater to the previous year. A formal due diligence is recommended buy broker.
Listing Details
Revenue: $800,000
Cash Flow: $90,000
FFE: $155,000 (Included in Price)
Inventory: $2,500 (Included in Price)
Form of Ownership:
Corporate
Reason For Sale:
The purpose of this business transaction is due to the owner relocation 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: 2018
Days & Hours of Operation: Days Hours of operation; this business is active six days per week, closed Sunday with hours from 11:00 am to 9:00 pm.
Owner Hours Per Week: Full Time
Employees: Regarding employees and payroll; this restaurant pizzeria consist of eight employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $25,000.
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Monthly Rent: 3,725
Type of Location: Commercial Avenue
Square Footage: 1,200
Relocatable?: Yes
Facilities Information:
This business opportunity is in northern New Jersey, Bergen County in the city of Edgewater on a highly active county road with thousands of residents in high rise residential units. This business facility consists of approximately 1,000 square feet with a modern, attractive, and professional appearance. The business is in a commercial mall with numerous other independent businesses and conveniently located for its various customers.
Summary
Historical Summary:
This is an ultra-modern full-service Pizzeria.
Owner Qualifications:
For Qualifications purposes; this business opportunity does not require any specific 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 retail company can be further developed by increasing the days of operation, improving the local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing/Terms:
Also, 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
