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Listed by:

Regal Consulting Corp.

Modern Pizzeria For Sale

Glen Rock, New Jersey, US
Asking Price:
$199,000 (USD) Inventory / Stock included
Sales Revenue:
$500,000 (USD)
Cash Flow:
$85,000 (USD)

Newer three years young ultra-modern Pizzeria restaurant in an affluent municipality of Bergen County, New Jersey. The business has a gross income of $500,000 and a consistent net yearly income. The business has recently been fully remolded with new quality equipment and a state-of-the-art image. The pizzeria income represents 80% delivery and pick up which continues to improve. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Regarding employees / payroll, this pizzeria consist of seven full & part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, or a weekly base salary, the staff is unaware of the pending sale & fully expected to remain post-closing, and the monthly payroll expense is approximately $9,200. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity. Perspective buyers are required to execute a Non Circumvential Agreement.

Property Information

Real Estate:

Lease

Lease Terms:

Training and owner support, the owner will remain after closing and is prepared to supply an appropriate transitional period to the new owner / operator.

Leasehold Rent:

$44,500 (USD) per annum

Lease Rent:
$25 (USD) per sq ft per annum
Location:

This opportunity is in Northern New Jersey, Bergen County, which consists of various affluent and highly populated communities with continued demand for this industry.

Premises Details:

This successful retail facility consists of approximately 1,800 square feet have a modern professional appearance. The business is in a mid-size commercial mall with various other active and successful businesses.

Size in square feet:
1,800

Business Operation

Expansion Potential:

Regarding growth and expansion, the business opportunity is new and can be further expanded by the new operator by developing an appropriate advertising, marketing plan. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales. For Qualifications purposes, this business opportunity industry does not require New Jersey state government licensing approval to purchase or operate other than the standard required municipal licenses.

Competition / Market:

Regarding competition, to the best of our knowledge, 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.

Reasons for selling:

The purpose of this business transaction is due to the owner retirement after many years in this industry.

Trading hours:

Days Hours of operation, this new pizzeria restaurant business is active six days per week, closed Monday with hours from 10:30 am to 8:30 pm.

Employees:
Regarding employees / payroll, this pizzeria consist of seven full & part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, or a weekly base salary, the staff is unaware of the pending sale & fully expected to remain post-closing, and the monthly payroll expense is approximately $9,200.
Years established:
2018

Other Information

Support & training:

Training and owner support, the owner will remain after closing and is prepared to supply an appropriate transitional period to the new owner / operator.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner financing is available.

Furniture / Fixtures value:
$150,000 (USD)
Inventory / Stock value:
$2,000 (USD) - included in the asking price

Contact Regal Consulting Corp.

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