Pizzeria Price $12,000 Wkly
RestaurantsFor Sale in Saddle Brook, NJ
Financial & Assets Details
About the Business
Wonderful business opportunity for this well-known long-standing pizzeria in an active community of Bergen County, New Jersey. The owner must sell due to illness after many years of success in this food service industry. The company has an assignable, long-term lease with a Very modest yearly rent expense. This is a most unusual safe business opportunity, based on the asking price, required down payment for owner financing and yearly net income, this business expects to supply a consistent return on investment. The business fixed assets have an estimated value of approximately $75,000 which is based on the cost of the original buildout, replacement expense, representing equipment, licensing, tangible & nontangible values. The accurate value of the assets will be calculated during the allocation period. This transaction consists of a fully equipped commercial retail operation, which includes, required municipal & state licenses, web site, social media venues, commercial kitchen, walk in refrigeration, POS system, tables, computer, 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.
Growth & Expansion
Regarding growth and expansion, the retail company can be further developed by improving the marketing system and local advertising to increase delivery and catering. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
To be determined.
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.
Support & Training
Training and owner support, the owner is fully prepared to remain post-closing and is prepared to supply an appropriate transitional period to purchaser.
Reason for Selling:
The purpose of this business transaction is due to the owner illness and pending operation which will prevent him from functioning in this industry.