Price: $89,899
Location: Bergen County, New Jersey
Industry: Pizza
Listing ID: PZZA806
Wonderful business opportunity for this well-known long-standing pizzeria in an active community of Bergen County, New Jersey. The owner must sell due to illness 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.
Listing Details
Revenue: $370,000
Cash Flow: $69,999
FFE: $75,000 (Included in Price)
Inventory: $3,000 (Included in Price)
Reason For Sale:
The purpose of this business transaction is due to the owner illness and pending operation which will prevent him from functioning in this 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: 1985
Days & Hours of Operation: Days Hours of operation; this business is active six days per week, with hours from 10:00 am to 9:00 pm.
Owner Hours Per Week: Full Time
Employees: Regarding employees and payroll; this retail company consist of four (4) 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 $4,000.
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Monthly Rent: 3200
Type of Location: Active commercial Mall
Square Footage: 1,400
Facilities Information:
This business opportunity is in Northern New Jersey, Bergen County on a highly active county road. This business facility consists of approximately 1,400 square feet, seating capacity for twenty-five customers, with a clean and attractive appearance. The business is in a commercial mall conveniently located for its various customers.
Summary
Owner Qualifications:
For Qualifications purposes; this business opportunity does not require any specific State 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 retail company can be further developed by improving the marketing system and local advertising to increase delivery and catering. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.