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Quick Facts
Asking Price: | $125,000 | |
Annual Revenue: | $600,000 | |
Net Profit: | $85 | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | 75,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1999 | |
Employees: | 4 | |
BBN Listing #: | 98003909 | |
Broker Reference #: | PZZA798 |
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Business Overview:
Wonderful business opportunity for this well-known long-standing pizzeria in an active community of Bergen County, New Jersey. The owner must sell due to illness after many years of success in this food service industry. The company has an assignable, long-term lease with a Very modest yearly rent expense. This is a most unusual safe business opportunity, based on the asking price, required down payment for owner financing and yearly net income, this business expects to supply a consistent return on investment. The business fixed assets have an estimated value of approximately $75,000 which is based on the cost of the original buildout, replacement expense, representing equipment, licensing, tangible & nontangible values. The accurate value of the assets will be calculated during the allocation period. This transaction consists of a fully equipped commercial retail operation, which includes, required municipal & state licenses, web site, social media venues, commercial kitchen, walk in refrigeration, POS system, tables, computer, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request.
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Property Features and Assets:
This business opportunity is in Northern New Jersey, Bergen County on a highly active county road. This business facility consists of approximately 1,400 square feet, seating capacity for twenty-five customers, with a clean and attractive appearance. The business is in a commercial mall conveniently located for its various customers.
Market Competition and Expansion:
Regarding competition, 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.
Reason for Selling:
Illness.
Additional Details:
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