Business For Sale

Pizzeria in Active Mall

Not Disclosed, NJ
Bergen County


Asking Price: Annual Revenue:
$175,000 $630,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Pizzeria in Active Mall Broker: Ron Cervelli
Owner Financing is Available!
Is considered to a qualified buyer with an appropriate down payment.

Quick Facts

Asking Price: $175,000
Annual Revenue: $630,000
Net Profit: Not Disclosed
Cash Flow: $80,000
Total Debt: Not Disclosed
FF&E: $175,000
Real Estate: Not Disclosed
Year Established: 2004
Employees: 10
BBN Listing #: 4523909
Broker Reference #: PZZA704

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Business Overview:

Pizzeria Restaurant located in most affluent area of Bergen County, New Jersey and in an active commercial mall with various successful businesses. The business has a projected 2017 gross income of $630,000 and a consistent and dependable net yearly income to the owner operator. This Pizzeria is located at a highly active county road with thousands of drive by vehicles and minutes from Route 80 & state highway 46. The facility consists of 1,600 square feet with a fully equipped commercial kitchen, a modern walk up counter for fast food service and appropriate seating. The business has a solid customer base and 50% of the income represents delivery service. The sale is due to absentee ownership who has priced this business opportunity fair & aggressively with owner financing. This particular business has ten employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $16,000. The business has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $4,952, cost per square feet is $37.14 and rent security of $8,000. The sale includes a modern and fully equipped pizzeria restaurant which includes a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, including all the necessary restaurant equipment to maintain the day to day business operation. The business is active seven days per week, with hours from 11:00 am to 10:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required food license approval from the city. The business has been valued at $175,000 and this sale is based on a multiple of the net yearly income along with the value of the assets, seller financing has been conditionally approved to a qualified buyer. This is a wonderful business opportunity, with continued growth potential and based on the asking price, required down payment and yearly net income, this business expect to supply a 27% investment return to the owner operator. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.

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Property Features and Assets:

The facility consists of 1,600 square feet with an attractive modern appearance and a walk-up counter for fast courteous service. The business is in a highly active commercial mall with other successful businesses which bring in a large number of daily shoppers. The pizzeria business is located in Northern New Jersey, Bergen County which consists of many urban towns with continued demand for this type of food service.

Market Competition and Expansion:

To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.

Reason for Selling:

The owner is retiring after many successful years.

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.

Documents:

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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