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.