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Asking Price$159,000
Revenue$338,000 Established2016
Cash Flow$60,000 Employees3 full-time
FF&E$175,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Owner retiring after many years for this profitable modern pizzeria in an Essex County, New Jersey. The business has a gross income of $6,500 weekly and a net income of approximately $1,200 weekly. This industry does not require government licensing approval to purchase or operate. This company has two employees plus driver who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll cost is approximately $7,650. The business has an assignable commercial lease which expires 2027-01-01 plus additional options, with a monthly rent of $1,800, cost per square foot is estimated at $17.21 and rent security of approximately $3,800. The business is in a free stranding commercial facility, on an active county road, consists of approximately 1,200 square feet and has an estimated capacity for fifteen customers. The business fixed assets has an estimated value of approximately $75,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped commercial retail store, which includes displays, shelving, POS system, tables, computers, software 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 municipal parking near to the business. This successful pizzeria business operation is active seven days per week, with hours from 11:00 am to 9:00 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 owner will train and finance the sale to a qualified buyer. The business has been valued at $159,000 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. This is a wonderful business opportunity which should supply a solid return to the owner operator prior to debt service. 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:The facility which consist of 1,200 square feet has a clean and attractive appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Essex County, which consists of various affluent and highly populated communities with continued demand for this industry.
Competition:Competitors presently exist in the industry and to the best of our knowledge, due to various circumstances, 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, poor 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.
Seller Financing:Is considered to a qualified buyer.
Sale Reason:The sale is due to the owner retirement after thirty years in this food industry
Ad #99558
Seller Reference #PZZA674
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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