PIZZERIA NETS $200k. PZZA792

Price: $499,900

Location: Bergen County, New Jersey

Industry: Pizza

Listing ID: pzza792

Recently on the market, Owner retiring after forty years of success with this high-volume Pizzeria, with only delivery service and no sit-down service since the start of the pandemic. This pizzeria is active six days, closed Sunday, with a gross income of $1,073,466 and a net yearly income of $200,777 based on a semi absentee owner operator. The company is in Bergen County, Northern New Jersey in an active affluent community. This is a safe business opportunity and based on the business history of success this pizzeria fully expects to supply a consistent return on investment to the owner operator.

Listing Details

Revenue: $1,073,466

Cash Flow: $200,777

FFE: $145,000 (Included in Price)

Inventory: $1,000 (Included in Price)

Reason For Sale:

Recently on the market, Owner retiring after forty years of success with this high-volume Pizzeria, with only delivery service and no sit-down service since the start of the pandemic. This pizzeria is active six days, closed Sunday, with a gross income of $1,073,466 and a net yearly income of $200,777 based on a semi absentee owner operator. The company is in Bergen County, Northern New Jersey in an active affluent community. This is a safe business opportunity and based on the business history of success this pizzeria fully expects to supply a consistent return on investment to the owner operator.

Training & Support:

Training and owner support, the owner is fully prepared to remain after closing to supply an appropriate transitional period to purchaser.

Operation

Year Established: 1985

Days & Hours of Operation: Regarding growth and expansion, this pizzeria restaurant can be further developed by increasing days of operation, improving the marketing system for local advertising. Additionally, the operation has been closed for all inside seating service since the pandemic and continues not to offer table service. Finally, the business requires remodeling for future growth.

Employees: Regarding employees and payroll; this retail company consist of five 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, monthly payroll expense is approximately $9,700.

Location

Lease Option: Yes, Available

Monthly Rent: 5950

Type of Location: Commercial Avenue

Square Footage: 1850

Relocatable?: Yes

Facilities Information:

This business opportunity is in northern New Jersey, Bergen County on a highly active convenient county road. The business is in a convenient five store mall with appropriate private parking. This business facility consists of approximately 1,850 square feet fully equipped for high volume production with a seating capacity for forty-two (42) customers.

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, it is our understanding 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, this pizzeria restaurant can be further developed by increasing days of operation, improving the marketing system for local advertising. Additionally, the operation has been closed for all inside seating service since the pandemic and continues not to offer table service. Finally, the business requires remodeling for future growth.

Ron Cervelli

contactus@regalconsultants.com

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