Price: $775,000
Location: Bergen County, New Jersey
Industry: Pizza
Listing ID: PZZA818
Most unusual business opportunity for this ultra-modern Italian restaurant Pizzeria in an affluent area of Northern New Jersey, Bergen County with a gross yearly income of $2,113,136 based on the last twelve months and net income of approximately $300,000 PLUS to the owner operator. This restaurant purchase will offer owner financing to a qualified buyer. They are a family-owned and operated BYO liquor and offers a full menu of Italian specialties. The company offers delivery services, and their objective and company goal are to provide first class hospitality while celebrating vibrant culinary cuisine. They encourage an atmosphere where customers can meet for the best possible foods and enjoy the atmosphere. This is a dependable safe business opportunity and based on the asking price, required down payment for owner financing, and yearly net income, this business expects to supply a consistent return on investment to the owner operator.
Listing Details
Revenue: $2,000,000
Cash Flow: $300,000
FFE: $175,000 (Included in Price)
Inventory: $2,000 (Included in Price)
Reason For Sale:
The purpose of this business transaction is due to the owner’s noncompetitive alternative business which he is required to maintain.
Training & Support:
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser without charge.
Operation
Year Established: 2000
Days & Hours of Operation: Days Hours of operation; this business is active six days per week, closed Monday, with hours from 11:30 am to 9:00 pm.
Owner Hours Per Week: Full Time
Employees: Regarding employees and payroll, this restaurant company consists of twenty-one (21) full and part-time employees who are unaware of the pending sale. The payroll is primarily based on a weekly base salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $30,000.
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Monthly Rent: 7,500
Type of Location: Commercial Avenue
Square Footage: 3,710
Relocatable?: Yes
Facilities Information:
This business opportunity is in northern New Jersey, Bergen County conveniently located on a county road. This business facility consists of approximately 3,712 square feet with a modern, attractive, appearance with a seating capacity for one hundred & twenty-five customers and parking for forty-five vehicles. The restaurant has outdoor seating for additional customers.
