Business For Sale

Modern Pizzeria Restaurant

Not Disclosed, NJ
Passaic County


Asking Price: Annual Revenue:
$179,000 $440,000

Food & Beverage: Restaurants, Fast Food, Deli


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

Quick Facts

Asking Price: $179,000
Annual Revenue: $440,000
Net Profit: Not Disclosed
Cash Flow: $68,000
Total Debt: Not Disclosed
FF&E: $110,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 5
BBN Listing #: 53843909
Broker Reference #: PZZA713

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Business Overview:

Owner is relocating and has priced this successful Pizzeria Restaurant business very competitively. The business is in an active commercial area of Passaic County, New Jersey. The facility is 2,000 square feet and is located in a commercial mall with ample parking and in close proximity of numerous other successful businesses. The seller has elected to move onto an alternative industry and will supply a non-compete agreement to the purchaser. The seller will also provide post training and finance the sale to a qualified buyer. The sale includes a long-term commercial lease at a reasonable rent cost. This business presently has five employees who are unaware of the pending sale and expected to remain post closing. The business is operational seven days weekly with hours from 11:00 am to 10:00 pm. The price has been set at a very reasonable cost and below market value. Based on the asking price, required down payment and net income this business should supply a 25% return to the owner operator prior to debt service. This is an excellent safe business opportunity. Because the sale of this business is confidential to the employees and public, all viewings are by appointment only. Photo may not represent the particular business.

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Property Features and Assets:

This business is located in a commercial highly active area of Passaic County, New Jersey near various county roads and close to the Garden State Parkway. This City has a huge population and the business services multiple communities throughout the area. The facility consists of 2,000 square feet in a modern mall setting with a seating capacity for forty-five customers and additional exterior seating for six. The facility has a clean attractive image and has been fully maintained with up to date equipment. The site has substantial private parking at the location.

Market Competition and Expansion:

This general area has limited competitors and the seller has agreed to supply a long term non-compete agreement to the new operator. By implementing an improved marketing plan the food business can further improve and develop representing a high net profit to the owner operator.

Reason for Selling:

Owner is retiring.

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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