PIZZERIA ITALIAN RESTAURANT NET $285K. pzza791

Price: $795,000

Location: Morris County, New Jersey

Industry: Restaurant

Listing ID: pzza791

Solid business opportunity for this thirty-five-year-old beautiful Italian Pizzeria with a consistent gross yearly income of $1,675,000 and a net yearly income of $285,000. The business is fully upgraded with an attractive image and designed for high volume production. This is a dependable, safe business opportunity, the price has been set based on fair market value and expects to supply a consistent return on investment to the owner operator.

Listing Details

Revenue: $1,675,000

Cash Flow: $285,000

FFE: $370,000 (Included in Price)

Real Estate:$10,000

Reason For Sale:

The purpose of this business transaction is due to the owner retirement after many years of success in this food industry.

Training & Support:

Training and owner support, the owner is prepared to remain post-closing and will supply an appropriate transitional period to purchaser.

Location

Security on Lease: Two Months

Lease Option: Yes additional options.

Monthly Rent: 8,050

Type of Location: Commercial Avenue

Square Footage: 2,500

Relocatable?: Yes

Facilities Information:

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.

Summary

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 restaurant can be further developed by improving the marketing and local advertising in order to expand the delivery service. 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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