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Wood Fired Pizzeria For Sale

Essex County, New Jersey, United States
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Asking Price$150,000
Revenue$240,000 Established2008
Cash Flow$58,000 Employees3 full-time
FF&E$95,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Must sell, priced for immediate sale, solid business purchase opportunity for this ultra-modern pizzeria and restaurant in a highly active commercial mall in Essex County New Jersey with a growing weekly gross income. This forty-year-newer Pizzeria has recently been fully upgraded and is equipped for high production and requires an onsite owner operator to further expand. The business does not supply delivery or catering at this time which can substantially increase the gross sales. The business has a wonderful stage kitchen with a wood fired oven and a modern attractive image. This industry does not require government licensing approval to purchase or operate. 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 2025-01-01, plus additional options, with a monthly rent of $2,900, cost per square foot is estimated at $17.95, and rent security of approximately $5,000. The business is in a free stranding commercial facility, on an active state highway, consists of approximately 1,950 square feet and has an estimated capacity for sixty customers. The business fixed assets has an estimated value of approximately $95,000 which is based on equipment and licensing replacement cost. The sale consists of a fully equipped Pub Restaurant which includes a full commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, web site, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease. This successful pizzeria restaurant business operation is active seven days per week, with hours from 11:00 am to 10:00 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 2017 projected yearly gross income is $240,000 and the business has a yearly net income of approximately $58,000 based on an onsite owner operator and prior to any debt service. The business has been valued / priced at $150,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller / bank 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.
Facilities:This attractive retail facility which consist of 1,925 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, Essex County, which consists of various affluent highly populated, affluent communities with continued demand for this food product.
Competition: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.
Growth Potential:The business presently has a limited marketing plan, no web site and if improved can further develop the business yearly gross sales.
Training/Support:The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller will supply additional training at a fair cost to the purchaser.
Seller Financing:Can be considered to a qualified buyer.
Sale Reason:The sale is due to the owner is retiring from the food service industry.
Ad #103606
Seller Reference #PZZA685
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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