Seller's Contact Information
- RE: Italian Restaurant Pizzeria Nets $572,237
- Contact: Ron Cervelli
Quick Facts
| Asking Price: | $0 | |
| Annual Revenue: | $2,386,126 | |
| Net Profit: | $572 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 225,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1997 | |
| Employees: | 20 | |
| BBN Listing #: | 11133909 | |
| Broker Reference #: | PZZA806 |
Business Overview:
Owner retiring after twenty-five years of ownership for this highly successful casual Italian restaurant pizzeria with a yearly gross income of $2,386,126 and a verifiable net income of $572,237. This transaction also offers bank and owner financing with a long term an assumable mortgage. 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 fixed assets have an estimated value of approximately $250,000 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 casual restaurant, which includes, required municipal & state licenses, no web site or social media venues, commercial kitchen, shelving, 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.
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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 2,400 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 homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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