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Pizza Restaurant For Sale

135
Bergen County, New Jersey, United States
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Asking Price$99,900
Revenue$325,000 Established2015
Cash Flow$62,000 Employees7 full-time
FF&E$85,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Pizza Restaurant in an excellent area of Northern NJ, Bergen County. This successful restaurant and pizzeria is located on an active high traffic County road, near various state highways. The business has a gross income of $325,000 and a dependable net income of $62,000 to the owner operator. All of their pizzas are made with fresh mozzarella, cooked to perfection, and topped with fresh basil. They have a large selection of pizzas including their special Original, Vegetable pie, Four Cheese, Philly cheese steak, Pesto pie, Chicken Parmigianino pie, Vodka pie, and many more! They have a variety of appetizers, soups, salads, Panini’s, and authentic coal oven pizza, they also have chicken, seafood, veal and pasta entrees. The lunch specials include pasta dishes, their original 8” pizzette with up to three toppings, half hero with French fries, and their amazing Panini’s served with a signature side salad. They have an basic delivery service and also have the facility which can host private parties for any occasion-birthdays, anniversaries, baby showers, and more. The business has a consistent income and is priced for an immediate sale. The business fixed assets has an estimated value of approximately $85,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped commercial Restaurant which includes a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, 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 building has a legal capacity for 45 customers consisting of 1,232 square feet. This retail business requires seven employees who are unaware of the pending sale and fully prepared to remain, monthly payroll is approximately $7,300. This business location has substantial private parking on the site and part of the lease. The business is active seven days per week, hours 11:00 am to 10:00 pm. The business has a municipal CO for this location and a food handler’s license. The sale includes a four-year lease term plus five years, 10/31/2026 plus additional options, monthly rent of $2,550 all in, cost per square foot of $25.57 and rent security of approximately $5,000. The business has been valued at $99,900 based on a multiple of the net yearly income including the value of the specific business assets and seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Based on the asking price, required down payment and net income this business should supply a dependable return on investment to the owner operator prior to debt service. Sale is confidential to the employees and public, all viewings are by appointment only, photo may not represent the business available for sale.
Facilities:The facility consists of 1,232 square feet with a seating capacity for 45 customers. The business has an open stage kitchen, a walk-up area for fast-service and ample private seating. Located in Bergen County NJ in a modern mall and located on an active highly trafficked county road. The area has a large volume of workers and daily shoppers who frequently use this food service.
Competition:No other similar pizza restaurants are in this area and the seller has agreed to supply a long term non-compete agreement to the new operator.
Growth Potential:With on site ownership this business can be further improved and developed.
Training/Support:The seller will remain after closing and supply a long term transitional period.
Seller Financing:Can be considered to a qualified buyer with an appropriate down payment.
Sale Reason:The present owner is semi and is relocating out of the state of New Jersey.
Ad #103764
Seller Reference #PZZA689
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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