Business For Sale

Pizzeria Restaurant

Not Disclosed, NJ
Monmouth County


Asking Price: Annual Revenue:
$475,000 $759,899

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Pizzeria Restaurant Broker: Ron Cervelli
Owner Financing is Available!
Available with a down payment of $125,000.

Quick Facts

Asking Price: $475,000
Annual Revenue: $759,899
Net Profit: Not Disclosed
Cash Flow: $180,000
Total Debt: Not Disclosed
FF&E: $275,000
Real Estate: Not Disclosed
Year Established: 1992
Employees: 8
BBN Listing #: 97193909
Broker Reference #: PZZA710

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Business Overview:

Excellent opportunity for this high volume, successful Pizzeria Restaurant in a prime area of Monmouth County, New Jersey. The business has a dependable yearly gross income of $759,899 plus undisclosed income, representing a minimum of $20,000 weekly and a consistent yearly net income to the owner operator. The facility has a clean and modern image consists of 1,900 square feet with a seating capacity for fifty-five (55) customers. The business produces a consistent income and thirty-six percent of the sales represents delivery service. This pizzeria business is in an active commercial mall with various business which attract a large volume of daily shoppers and workers. The business is on a state highway with a substantial amount of drive by traffic. Based on the asking price, required down payment and yearly net income, this business expect to supply a solid investment return to the owner operator. This business has eight employees plus drivers who are unaware of the pending sale and fully expected to remain post closing, monthly payroll $15,000. The business has an assignable commercial lease which expires December 31, 2028, gross rent $6,700 monthly, all in, $42.32/square feet and rent security $12,000. First 5 years, 2% rent increases, second 5 years, 3% rent increases. The business is active seven days per week, with hours from 11:00 am to 10:00 pm. The business has been valued at $475,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with $125,000 down payment. This is a wonderful 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 photo does Not represent this particular business opportunity.

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Property Features and Assets:

This Pizzeria business is in Monmouth County, New Jersey on a US State Highway and in a highly active commercial mall with various retail businesses. The facility has been upgraded and is 1,900 square feet with a modern attractive image. The business has a walk-up counter for quick service and lots of private seating for fifty-five customers.

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. The business can further improve its catering service by upgrading its marketing plan which would represent further income to the bottom line.

Reason for Selling:

The owner is retiring after many years of success.

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.

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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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