Business For Sale

Pizzeria Restauant

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 Restauant Broker: Ron Cervelli
Owner Financing is Available!
Seller financing is available to a qualified buyer

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: 2014
Employees: 3
BBN Listing #: 12133909
Broker Reference #: PZZA706

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Business Overview:

Solid business purchase 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 2024-01-01, plus additional options, with a monthly rent of $3,139, cost per square foot is estimated at $27.95, and rent security of approximately $8,400. The business fixed assets has an estimated value of approximately $95,000 which is based on equipment and licensing replacement cost. This successful pizzeria restaurant business operation is active seven days per week, with hours from 11:00 am to 9:30 pm. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. 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 and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. 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.

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 relocating out of the

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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