Pizzeria in Commercial Mall

Not Disclosed, NJ
Passaic County


Asking Price: Annual Revenue:
$199,000 $462,749

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Pizzeria in Commercial Mall Broker: Ron Cervelli
Owner Financing is Available!
May be considered with an appropriate down payment.

Quick Facts

Asking Price: $199,000
Annual Revenue: $462,749
Net Profit: Not Disclosed
Cash Flow: $103,780
Total Debt: Not Disclosed
FF&E: $95,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 3
BBN Listing #: 5183909
Broker Reference #: PZZA748

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Business Overview:

Solid business opportunity for this ultra-modern pizzeria and restaurant in a highly active commercial mall in Passaic county New Jersey with a growing weekly gross income. This successful Pizzeria has been upgraded and is equipped for high production and requires an onsite owner operator to further expand. The business supplies limited delivery / catering at this time which can substantially increase the gross sales. The business has a wonderful stage kitchen with a modern attractive image. This company has three full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $8,800. The business has an assignable commercial lease which expires 2024 plus additional options, with a monthly rent of $3,233, cost per square foot is estimated at $27.71, and rent security of approximately $8,400. The business has been valued / priced at $199,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

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Property Features and Assets:

This attractive retail facility which consist of 1,400 square feet and has a modern, professional appearance. The business is in a highly active commercial setting with various other active and successful businesses. This opportunity is in North Central New Jersey, Passaic County, which consists of various affluent highly populated, affluent communities with continued demand for this food product. The business is walking distance to state school with 12,000 students

Market Competition and Expansion:

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. The business presently has a limited marketing plan, no web site and if improved can further develop the business yearly gross sales.

Reason for Selling:

The sale is due to the owner relocation out of the state.

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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