Business Overview:
Owner retiring after twenty-five years of ownership for this highly successful casual Italian restaurant pizzeria with a yearly gross income of $2,129,815 and a verifiable net income of $575,767. This well-known eatery has an indoor seating capacity for seventy customers and an outdoor patio for fifty. The business is located in Northern New Jersey serving numerous affluent communities with continued demand for this service. This is a dependable safe business opportunity and based on the many years of consistent gross sales this business expects to continue to supply a consistent return on investment to the owner operator. The business has been priced at a fair multiple of the net yearly income, with consideration to the particular business assets. Also, 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.
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Property Features and Assets:
This business opportunity is in northern New Jersey, Bergen County on a highly active commercial avenue with various retail companies.
This business facility consists of approximately 2,800 square feet with an attractive and clean appearance. The business is in a free-standing retail facility conveniently location for its various customers. The business has a wonderful outdoor patio for fifty.
Market Competition and Expansion:
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.
Reason for Selling:
Owner retiring.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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