1180 Buyers Online Now
Buy Business Sell Business Business Brokers My Account
Photos Website Map
Asking Price$285,000
Revenue$775,000 Established1965
Cash Flow$125,000 Employees10 full-time
FF&E$198,000* FranchiseNo
Inventory$2,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Owner retiring after forty years for this high volume ultra-modern Pizzeria and Restaurant. The business has a consistent income of $15,000 weekly and offers no deliveries service which can further increase the gross income. This ultra-modern recently upgraded facility consists of 2,200 square feet with a seating capacity for fifty-five customers. The restaurant has a large active walk up counter and an ultra-modern state of the art fully equipped kitchen. The facility is located on an active commercial avenue in Northern New Jersey and minutes from the George Washington Bridge and Lincoln Tunnel with lots of walk in customers. The sale includes a fully turnkey ultra-modern pizzeria restaurant, new state of the art kitchen and equipment, displays, shelving, walk in refrigeration / freezer units, POS system, tables, chairs, including all the necessary equipment to maintain the day to day business operation. This particular business has ten employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll $11,500. The sale will include a new fifteen-year commercial lease which expires 2029-01-01 plus additional options, with a monthly rent of $5,000 and rent security $5,000. The facility has private parking as part of the commercial lease and substantial municipal parking nearby to the location. The business is active seven days per week, with hours from 11:00 am to 9:00 pm. The sale includes a certificate of occupancy from the particular municipality and food license approval from the board of health. Seller financing is approved to a qualified buyer and based on the asking price, required down payment and yearly net income, this business expect to supply a 35% investment return to the owner operator. The Pizzeria has a 2015 gross yearly income is $775,000 and a dependable yearly net income of $125,000 based with on site management, prior to debt service. The business has been valued at $285,000 based on a multiple of the net yearly income and the value of the equipment and assets and seller financing has been approved to a qualified buyer. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Facilities:The facility consists of an ultra-modern 2,200 square foot restaurant which has recently been fully upgraded and modernized. This pizzeria has front and rear entrances, large walk up service counter & kitchen, fully equipped prep room, lots of storage and rear parking. The business is located in southern Bergen County New Jersey, minutes from the George Washington Bridge and Lincoln Tunnel. The general area consists of highly populated urban communities with continued demand for this food service.
Competition: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.
Growth Potential:The business presently offers no delivery, no web site, and has no marketing budget / plan which if instituted would substantially improve the business income.
Training/Support:The owner will remain post closing in order to supply an appropriate transitional period.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The owner is retiring after years of success in this food service industry.
Ad #85866
Seller Reference #PZZA398
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
Ron Cervelli
Regal Consulting Corp.
Email Address