Ultra Modern Pizzeria

Not Disclosed, NJ
Morris County


Asking Price: Annual Revenue:
$199,900 $550,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Ultra Modern Pizzeria Broker: Ron Cervelli
Owner Financing is Available!
Available to a qualified buyer with an appropriate down payment.

Quick Facts

Asking Price: $199,900
Annual Revenue: $550,000
Net Profit: Not Disclosed
Cash Flow: $8,150
Total Debt: Not Disclosed
FF&E: $165,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 7
BBN Listing #: 62873909
Broker Reference #: PZZA743

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Business Overview:

Ultra-modern four years young Italian Pizzeria Restaurant located in Northern New Jersey, Morris County. The business has a gross yearly income of $550,000 and a consistent net yearly income of $81,500. This attractive Pizza & Italian Cuisine is family-owned and located in wonderful commercial area of Northern New Jersey. The offer indoor and outdoor seating (seasonally) and are happy to supply wine glasses if you choose to bring a bottle to enjoy with your meal. The company has a delivery service which represents 30% of the gross sales. This restaurant is well known for its great food and wonderful service, they have great pizza and fantastic entrees, sandwiches and wraps! This pizzeria restaurant routinely has seven full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $13,000. The business transaction has an assignable commercial lease which expires 2031, plus additional options available, with a monthly rent of $5,100 all in, cost per square foot is estimated at $21.10 and rent security of approximately $9,000. The business has been valued / priced at $199,900 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible 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 the photo does Not represent this particular business opportunity.

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Property Features and Assets:

This opportunity is in Northern New Jersey, Morris County, the general area consists of various highly populated communities with continued demand for this industry. This successful retail facility which consist of approximately 2,900 square feet have an attractive modern appearance and this restaurant is in a mid-size commercial mall with various other active and successful businesses.

Market Competition and Expansion:

To the best of our knowledge, due to various circumstances, 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 is relocating into alternative business.

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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