PIZZERIA NETS $198,777. PZZA810

Price: $399,900

Location: Bergen County, New Jersey

Industry: Pizza

Listing ID: pzza810

Owner retiring after forty years of success with this high-volume Pizzeria, with only pick up & delivery service to its many customers. This pizzeria is active six days, closed Sunday, with a gross income of $1,073,466 and a net yearly income of $198,777. The company is in Bergen County, Northern New Jersey in an active affluent community. The dining room has been closed since the pandemic and if reopened can substantially increase gross sales. 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. The business opportunity has been pre-approved for SBA financing with a moderate down payment. The 2021 yearly gross income as represented by the owners Tax Returns is $1,073,466 and the business has a yearly net income of $198,777 based on an onsite owner operator which does Not include seller discretionary income and prior to any debt service. The 202 income is greater than the previous year and formal due diligence is also recommended by broker.

Listing Details

Revenue: $1,073,466

Cash Flow: $198,777

FFE: $115,000 (Included in Price)

Inventory: $1,050 (Included in Price)

Reason For Sale:

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

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.

Owner Hours Per Week: Full Time

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

Security on Lease: Two Months

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

Fill Out Our NDA

Contact Us About This Listing

  • Hidden
  • This field is for validation purposes and should be left unchanged.