Potential opportunity for EB-5 US Visa Investor
Ultra-Modern attractive pizzeria-restaurant and pre-approved for SBA financing now available after many years in the industry for this wonderful business opportunity. This is an attractive ten-year-old fully remolded beautiful Italian Pizzeria with a consistent gross yearly income of 1,245,095 and a net yearly income of $325,000 plus. The business has been nicely upgraded with an attractive image and designed for high volume production. This is a dependable, safe business opportunity, the price has been set based on fair market value and expects to supply a consistent return on investment to the owner operator. The business fixed assets have an estimated value of approximately $220,000 which is based on the replacement cost (original buildout), representing equipment, licensing, etc. The accurate value of the assets will be calculated during the allocation period. This transaction consists of a fully equipped commercial retail restaurant operation, which includes, required municipal & state licenses, web site, social media venues, commercial kitchen, shelving, POS system, tables, computer, software including all the necessary equipment to maintain the daily business operation and a list of assets will be supplied to purchaser upon request.
- Asking Price:
- $975,000
- Sales Revenue:
- $1,245,096
- Cash Flow:
- $325,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease and terms; this business transaction will offer a new fifteen-year commercial lease which expires 2033-01-01, plus additional options available, with a monthly rent of $8,046, cost per square foot is approximately $22.00 and rent security is required.
- Leasehold Rent:
-
$96,552 per annum
- Lease Rent:
- $22 per sq ft per annum
- Location:
-
This business opportunity is located in northern New Jersey, Morris County on a highly active county road. This business facility consists of approximately 2,500 square feet with a modern, attractive, and professional appearance. The business is in a free-standing retail facility conveniently location for its various customers.
- Premises Details:
-
Ultra modern facility
- Size in square feet:
- 2,500
Business Operation
- Expansion Potential:
-
Regarding growth and expansion, the restaurant can be further developed by opening Sunday, improving the marketing and local advertising in order to expand the delivery service. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
- 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 of success in this food industry.
- Trading hours:
-
Days Hours of operation; this business is active Six days per week, closed Sunday with hours from 11:00 am to 9:00 pm.
- Employees:
- Regarding employees and payroll; this restaurant consist of twelve employees who are unaware of the pending sale. The payroll is primarily based on an hourly, and weekly base salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $30,000.
- Years established:
- 2014
Other Information
- Support & training:
-
Training and owner support, the owner is prepared to remain post-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:
-
Also, 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:
- $270,000
- Inventory / Stock value:
- $2,500
