Pizzeria Nets $220,669

Not Disclosed, NJ
Bergen County

Active commercial avenue

Asking Price: Annual Revenue:
$599,000 $1,119,836

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Pizzeria Nets $220,669 Broker: Customer Service
Owner Financing is Available!
Owner financing

Quick Facts

Asking Price: $599,000
Annual Revenue: $1,119,836
Net Profit: $220,669
Cash Flow: $220,669
Total Debt: Not Disclosed
FF&E: $175,000
Real Estate: Not Disclosed
Year Established: 1977
Employees: 5
BBN Listing #: 75843909
Broker Reference #: PZZA787

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Business Overview:

Recently on the market, Owner retiring after forty years of success with this high-volume Pizzeria, with only delivery service and no sit-down service since the start of the pandemic. This pizzeria is active six days, closed Sunday, with a gross income of $1,119,836 and a net yearly income of $220,669. The company is in Bergen County, Northern New Jersey in an active affluent community. This is a safe business opportunity and based on the business history of success this pizzeria fully expects to supply a consistent return on investment to the owner operator. The 2020 yearly gross income as represented by the owners Tax Returns is $119,836 and the business has a yearly net income of approximately $220,669 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2021 income is similar to the previous year and 2022 income is expected to be potentially greater than the previous year. A formal due diligence is also recommended buy broker.

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Property Features and Assets:

This business opportunity is in northern New Jersey, Bergen County on a highly active convenient county road. The business is in a convenient five store mall with appropriate private parking. This business facility consists of approximately 1,850 square feet fully equipped for high volume production with a seating capacity for forty-two (42) customers.

Market Competition and Expansion:

Regarding competition, it is our understanding 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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