Seller's Contact Information
- RE: Pizzeria Nets $198,777
- Contact: Ron Cervelli
Quick Facts
| Asking Price: | $399,900 | |
| Annual Revenue: | $1,073,466 | |
| Net Profit: | $198 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 125,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1985 | |
| Employees: | 5 | |
| BBN Listing #: | 82593909 | |
| Broker Reference #: | PZZA810 |
Business Overview:
Owner retiring after forty years of success with this high-volume Pizzeria, with only pick up & delivery service to its many customers. This pizzeria is active six days, closed Sunday, with a gross income of $1,073,466 and a net yearly income of $198,777. The company is in Bergen County, Northern New Jersey in an active affluent community. The dining room has been closed since the pandemic and if reopened can substantially increase gross sales. This is a safe business opportunity and based on the business history of success this pizzeria fully expects to supply a consistent return on investment to the owner operator. The business opportunity has been pre-approved for SBA financing with a moderate down payment. The 2021 yearly gross income as represented by the owners Tax Returns is $1,073,466 and the business has a yearly net income of $198,777 based on an onsite owner operator which does Not include seller discretionary income and prior to any debt service. The 202 income is greater than the previous year and formal due diligence is also recommended by broker.
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Property Features and Assets:
This business opportunity is in northern New Jersey, Bergen County on a highly active convenient county road. The business is in a convenient five store mall with appropriate private parking. This business facility consists of approximately 1,850 square feet fully equipped for high volume production with a seating capacity for forty-two (42) customers.
Market Competition and Expansion:
Regarding competition, it is our understanding 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:
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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