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Listing ID: 2803812

Modern Pizzeria Restaurant For Sale

Middlesex, New Jersey, United States

$ 139,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 400,000

Cash Flow: $ 65,000

Business Description

Priced to sell, and great business opportunity for this modern pizzeria in Middlesex County with a gross income of $400,000 and a consistent net yearly income based on an onsite owner operator. A must to see for this family style pizzeria which brings you Old World cuisine from their home to your home or office, all with their signature tradition of Italian authenticity. They offer everything from freshly prepared entrées to New York-style pizza, guaranteed to evoke the happiness that great-tasting food always brings. Whether it’s lunch for two or a party, they can supply quality foods and excellent service. When you rely on their catering experience and menu planning, you’ll have less to worry about and more time to enjoy excellent quality food at your meeting. Their pasta and pizza are made fresh to order, using quality ingredients – no additives or preservatives. Their crust is made with all-natural flour and extra virgin olive oil, topped with 100% mozzarella cheese, and their sauces and soups are house-made from time-tested Italian recipes. Fresh-baked breads are another thing that sets them apart in the marketplace. This industry does not require government agency approval to purchase. This pizzeria business has six full and part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $5,800. The business has an assignable commercial lease which expires April 1, 2028 plus additional options, with a monthly rent of $4,800, cost per square foot is $21.57 and rent security $6,000. The facility is in a free stranding facility which consists of 2,670 square feet has a capacity for approximately sixty customers. The pizzeria business assets have an estimated value of $150,000 and the sale consists of a fully equipped 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 facility has appropriate private parking on site, as part of the commercial lease. The business is active seven days per week, with hours from 11:00 am to 9:30 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. The business has been valued at $139,000 based on a multiple of the net yearly income which includes the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a 35% investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Property Details

Size:

2670

Property Type:

Lease

FF&E:

$ 150,000

Inventory Value:

$ 1,200

Other Details

Business Location:

Ultra-modern fully equipped retail facility consisting of 2,670 square feet with an attractive appearance. The business facility consists of a free-standing building on an active county road with various other active and successful businesses. This opportunity is located in Central New Jersey, Middlesex County, which consists of various affluent communities with continued demand for this industry.

Competition:

To the best of our knowledge due to various circumstances, 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.

Expansion Potential:

The business presently has a limited marketing plan, poor web site and if improved can further develop the business bottom line net income.

Operation Details

Employees:

6

Support & Training:

The owner does not function in the kitchen, he has a full staff and the owner will remain post-closing for 60 days in order to supply an appropriate transitional period to the new operator.

Miscellaneous

Financing Available:

Yes
May be available to a qualified buyer with an appropriate down payment.

Reason For Selling:

The owner is retiring from this industry.

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