Seller's Contact Information
- RE: Pizzeria Restaurant Nets $275,000
- Contact: Customer Service
Quick Facts
| Asking Price: | $550,000 | |
| Annual Revenue: | $1,599,000 | |
| Net Profit: | $275 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 125,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2000 | |
| Employees: | 11 | |
| BBN Listing #: | 53973909 | |
| Broker Reference #: | PZZA804 |
Business Overview:
Well maintained, high volume Pizzeria available to purchase with a future option to purchase the real estate located in an active urban area of Essex County, New Jersey. The price has been set very competitively based on fair market value with owner financing. The business is located on an active commercial avenue with continued demand for this popular food service. The dining room has been closed since the pandemic, the income represents strictly pick up / take out service resulting in a substantial investment return to the owner operator. The business has an average yearly gross income of $1,500,000 and a consistent net yearly income. Based on the asking price, and projected net yearly net income, this business expects to supply a consistent return on investment to the owner operator. The 2021 gross yearly income is $1,599,350 and a yearly net income of $275,000 based with an onsite owner operator and prior to any debt service. The 2022 gross income is $1,452,612 with a similar net yearly income.
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Property Features and Assets:
The business facility consists of 3,000 square feet, seating capacity for 110 customers, in a commercial setting on an active commercial avenue. The general area is a highly populated urban area with thousands of residents who require this food service.
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.
Reason for Selling:
Owner retiring.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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