Price: $925,000
Location: Ocean County, New Jersey
Industry: Pizza
Listing ID: pzza816
Super high-volume pizzeria with 2021 gross sales of $2,032,721 and a net yearly income of $471,648 based on 75% delivery and catering services. The owner is now retiring after many years of success in this food service industry. The company has an assignable, long-term lease with a Very modest yearly rent expense. This is a most unusual safe business opportunity, 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. The business fixed assets have an estimated value of approximately $175,000 which is based on the cost of the original buildout, replacement expense, representing equipment, licensing, tangible & nontangible values. The accurate value of the assets will be calculated during the allocation period. This transaction consists of a fully equipped commercial retail food operation, which includes, required municipal & state licenses, web site, social media venues, commercial kitchen, walk in refrigeration, POS system, tables, computer, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request.
Listing Details
Revenue: $2,032,721
Cash Flow: $471,647
FFE: $175,000
Inventory: $1,500 (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 food industry.
Training & Support:
Training and owner support, the owner is fully prepared to remain post-closing and is prepared to supply an appropriate transitional period to purchaser.
Operation
Year Established: 2001
Days & Hours of Operation: Days Hours of operation; this business is active seven days per week, with hours from 10:00 am to 10:00 pm.
Owner Hours Per Week: Part time
Employees: Regarding employees and payroll, this retail company consist of fourteen (14) employees who are unaware of the pending sale. The payroll is based on an hourly basis, and weekly base salary, and the staff is fully expected to remain post-closing, monthly payroll expense is approximately $30,000.
Location
Security on Lease: Two months
Lease Option: Yes, Available
Monthly Rent: $3,300
Type of Location: Active commercial Mall
Square Footage: 2,000
Relocatable?: Yes
Facilities Information:
This business opportunity is in central New Jersey, Ocean County on a highly active four lane county road. This business facility consists of approximately 2,000 square feet, seating capacity for twenty customers, with a clean and attractive appearance. The business is in a commercial mall conveniently located for its various customers.
