Seller's Contact Information
- RE: Pizzeria Restaurant Nets $502,000
- Contact: Ron Cervelli
Quick Facts
Asking Price: | $995,000 | |
Annual Revenue: | $1,780,000 | |
Net Profit: | $502 | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | 320,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2014 | |
Employees: | 12 | |
BBN Listing #: | 32263909 | |
Broker Reference #: | PZZA811 |
Business Overview:
Solid opportunity for this most attractive pizzeria-restaurant with Owner retiring after many years in the industry and offer Owner Financing for this wonderful business opportunity. This is a modern attractive thirty-five-year-old fully remolded beautiful Italian Pizzeria with a consistent gross yearly income of $1,780,000 and a net yearly income of $502,796. The business has been nicely upgraded with an attractive image and designed for high volume production. This is a dependable, safe business opportunity, the price has been set based on fair market value and expects to supply a consistent return on investment to the owner operator. The 2022 yearly gross income as represented by the owner is estimated at $1,780,000 consisting of reported and discretionary income and the business has a yearly net income of approximately $504,631 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2023 income is expected to be equal or greater to the previous year. A formal due diligence is recommended by broker.
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Property Features and Assets:
This business opportunity is located in northern New Jersey, Morris County on a highly active county road. This business facility consists of approximately 2,500 square feet with a modern, attractive, and professional appearance. The business is in a free-standing retail facility conveniently location for its various customers.
Market Competition and Expansion:
This business opportunity is located in northern New Jersey, Morris County on a highly active county road. This business facility consists of approximately 2,500 square feet with a modern, attractive, and professional appearance. The business is in a free-standing retail facility conveniently location for its various customers.
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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