Price: $175,000
Location: Sussex, New Jersey
Industry: Pizza
Listing ID: PZZA830
Excellent business opportunity for this profitable long-standing pizzeria, with 80% pick-up-delivery, a 2022 gross income of $582,031 plus discretionary income and a yearly net income of approximately $124,965. All of their dishes are made with fresh ingredients and cooked to perfection. They have a wonderful selection of pizzas which includes additional entrees. They also offer lunch with excellent service to their customer base. This is a dependable safe business opportunity and based on the asking price, suggested down payment with owner financing and yearly net income, this business expects to supply a consistent return on investment to the owner operator.
Listing Details
Revenue: $582,031
Cash Flow: $124,964
FFE: $85,000 (Included in Price)
Inventory: $1,000 (Included in Price)
Form of Ownership:
C Corp
Reason For Sale:
The purpose of this business transaction is due to the owner relocation after many years of success in this particular food industry.
Training & Support:
Training and owner support, the owner is fully prepared to remain after closing and will supply an appropriate transitional period to purchaser.
Operation
Year Established: 2000
Days & Hours of Operation: Days Hours of operation; this business is active seven days per week, Sunday to Saturday, with adjusted hours from 11:00 am, 4:00 pm to 9:00 pm, 10:00 pm.
Owner Hours Per Week: Full Time
Employees: $10,500 monthly
Location
Security on Lease: Two Months
Lease Option: Yes Available
Monthly Rent: 3300
Type of Location: Commercial
Square Footage: 1600
Relocatable?: Yes
Facilities Information:
This business opportunity is in northern New Jersey, Sussex County on an active county road. This business facility consists of approximately 1,600 square feet, professional appearance, with a seating capacity for thirty customers. The business is in a commercial mall conveniently located for its various customers.
Summary
Historical Summary:
This is a well-known full-service pizzeria restaurant.
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, food handlers license.
Competition:
Training and owner support, the owner is fully prepared to remain after closing and will supply an appropriate transitional period to purchaser.
Potential Growth:
Regarding growth and expansion, the retail company with an advertising budget for improved delivery can be further developed by increasing the delivery area. 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.
