Excellent business opportunity for this profitable, long-standing pizzeria, with 80% pick-up-delivery, a 2022 gross income of $582,031 plus discretionary income, and a yearly net income of approximately $124,965. All of their dishes are made with fresh ingredients and cooked to perfection. They have a wonderful selection of pizzas, which includes additional entrees. They also offer lunch with excellent service to their customer base. This is a dependable, safe business opportunity, and based on the asking price, suggested down payment with owner financing, and yearly net income, this business expects to supply a consistent return on investment to the owner-operators.
- Asking Price:
- $175,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $582,021
- Cash Flow:
- $124,965
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease and terms; this business transaction will offer an assignable commercial lease which expires 2025-01-01, plus additional ten-year options available, with a monthly rent of $3,300 all in, cost per square foot is approximately $23.25 and rent security is required.
- Leasehold Rent:
-
$39,600 per annum
- Lease Rent:
- $25 per sq ft per annum
- Location:
-
This business opportunity is in northern New Jersey, Sussex County on an active county road. This business facility consists of approximately 1,600 square feet, professional appearance, with a seating capacity for thirty customers. The business is in a commercial mall conveniently located for its various customers.
- Size in square feet:
- 1,600
Business Operation
- Expansion Potential:
-
Regarding growth and expansion, the retail company with an advertising budget for improved delivery can be further developed by increasing the delivery area. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
- Competition / Market:
-
Training and owner support, the owner is fully prepared to remain after closing and will supply an appropriate transitional period to purchaser.
- Reasons for selling:
-
The purpose of this business transaction is due to the owner relocation after many years of success in this particular food industry.
- Trading hours:
-
Days Hours of operation; this business is active seven days per week, Sunday to Saturday, with adjusted hours from 11:00 am, 4:00 pm to 9:00 pm, 10:00 pm.
- Employees:
- Regarding employees and payroll, this retail company consists of nine full and part-time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $10,500.
- Years established:
- 2000
Other Information
- Support & training:
-
Training and owner support, the owner is fully prepared to remain after closing and will supply an appropriate transitional period to purchaser.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
SBA bank financing is available for this transaction and seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
- Furniture / Fixtures value:
- $85,000 - included in the asking price
- Inventory / Stock value:
- $1,000 - included in the asking price
