MODERN PIZZERIA

RestaurantsFor Sale in NJ

Listing ID: pzza805 | Broker Listing ID: BLP520916

Financial & Assets Details

Revenues: $70,000

Cash Flow: $520,000

FF&E: $110,000

Inventory: $1,200

Inventory Inc. in Price: Yes

Square Feet: 1800+/-

About the Business

Year Established: 2018

Employees: 7

Lease Amount: $3,710

Seller Financing: Yes

Business Description

Newer young ultra-modern Pizzeria restaurant in an affluent municipality of Bergen County, New Jersey. The business has a gross income of $520,000 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 75% 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. The average gross yearly income represented by the owner is projected at $520,000 and the yearly net income of approximately $70,000 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2023 gross income is fully expected to be increased from the previous year. Due to assorted reasons and possible seller discretionary income, a formal due diligence is recommended.

Growth & Expansion

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.

Seller Financing

seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Market Competition:

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.

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

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.