822 Buyers Online Now
Buy Business Sell Business Business Brokers My Account
Photos Website Map
Asking Price$150,000
Revenue$350,000 Established2002
Cash Flow$75,000 Employees4 full-time
FF&E$190,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Ultra-modern, New, one year young Pizza Restaurant in an excellent affluent area of Northern NJ, Bergen County, and owner Must Sell. This successful restaurant and pizzeria business has a gross income of approximately $350,000 and a dependable net income to the owner operator. It is our understanding they are the only brick wood and coal oven pizzas in the area. 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 excellent delivery service and also 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 which is One year young has an estimated value of approximately $190,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped commercial pizzeria 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 52 customers consisting of 1,850 square feet. This retail business requires four employees who are unaware of the pending sale and fully prepared to remain, monthly payroll is approximately $9,500. This business location has substantial private mall parking on the site and part of the commercial lease. The business is active seven days per week, hours 11:00 am to 10:00 pm. The business transaction has a municipal Certificate of Occupancy for this location and a food handler’s license. The sale includes a fourteen-year lease term, which expires 2033/01/01 plus additional options, monthly rent of $5,500 all in, cost per square foot of $35.57, and rent security of $10,700. 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 1,850 square feet with a seating capacity for 52 customers. The business has an open stage kitchen, a walk-up area for fast-service, large basement and modern bathrooms. The business is in Bergen County NJ in an attractive mall and located on an active highly trafficked county road. The general area has a substantial population including many businesses and daily shoppers who frequently use 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 is one year young and requires further time to develop, also with onsite ownership, a marketing plan and a web site, this business can be further improved and developed.
Training/Support:The owner will remain post-closing and supply an appropriate transitional period.
Seller Financing:Four years at 5% interest
Sale Reason:The sale is due to the owner illness and has now elected to retire.
Ad #97313
Seller Reference #PZZA456
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.
973-837-0808
Name
Email Address
Message