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Pizzeria / Restaurant For Sale

Bergen County, New Jersey, United States
Photos Website Map
Asking Price$195,000
Revenue$468,000 Established2013
Cash Flow$85,000 Employees2 full-time
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Ultra-modern three-year young pizzeria restaurant on an active commercial avenue in a highly populated municipality city located in Bergen County, New Jersey. The business has a limited delivery service which can be further increased to improve the present income. The business assets have an estimated value of approximately $170,000, based on the past year corporate tax returns. The sale consists of a fully equipped commercial pizzeria Restaurant which includes a full 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. This particular business has one full & one-part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $4,450. The business has an assignable commercial lease which expires 2026-01-01 plus additional options, with a monthly rent of $3,400 and rent security $4,950. The business is located in a free stranding facility which consists of 2,700 square feet and has a capacity for approximately sixty on site customers. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active seven days per week, with hours from 12:00 noon to 10:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city food licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a 32% investment return to the owner operator prior to debt service. The 2015 yearly gross income is $468,000 and the business has a yearly net income of $85,000 based on an onsite owner operator and prior to debt service. The business has been valued at $195,000, based on a multiple of 2.5 times the average net yearly income which includes the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely 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 opportunity is located in Northern New Jersey, Bergen County, which consists of various affluent communities with continued demand for this particular industry. This modern attractive retail facility which consist of 2,750 square feet has a clean professional appearance. The business is in a mid-size commercial mall with various other active and successful businesses.
Competition:To the best of our knowledge, due to various circumstances, 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 has a limited marketing plan, poor web site and if improved can further develop the business bottom line net income.
Training/Support:The owner will remain post-closing in order to supply an appropriate training & transitional period to the new operator.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The owner is relocating out of the industry.
Ad #88189
Seller Reference #PZZA411
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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