80% delivery and pick up, High Volume Pizzeria business is located in an active modern mall and commercial area of Bergen County, New Jersey. This well-maintained 1,250 square foot facility has a seating capacity for fifteen patrons. The production is based on 75% pickup and delivery. The equipment is in excellent working condition and is designed for high volume and maximum production. The sale includes a long-term lease at fair rental value and the business will evidence a gross income of $917,592 plus discretionary income, prior to transfer of ownership. Based on the asking price, and yearly net income, this business expects to supply a consistent return on investment from the owner operator.
- Asking Price:
- $239,900 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $917,592
- Cash Flow:
- $137,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
The business has a long-term lease, expires 2029/01/01 plus additional options with a gross monthly rent of $4,354 and security deposit of two months.
- Leasehold Rent:
-
$52,248 per annum
- Lease Rent:
- $40 per sq ft per annum
- Location:
-
The business located in an upscale community of Bergen County, New Jersey with continued demand for this food service. The business is in a high-volume shopping mall with many other successful retail companies. This facility consists of 1,300 square feet with a clean setting with a modern appearance.
- Size in square feet:
- 1,300
Business Operation
- Expansion Potential:
-
Regarding growth and expansion, the retail operation can be further developed by increasing the local advertising for additional pick up and delivery. 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:
-
Relocating out of state
- Trading hours:
-
The pizzeria is operational seven days weekly with hours from 11:00 am to 9:00 pm
- Employees:
- The business is fully equipped; with four employees who are not aware of the pending sale and is fully expected to remain post closing, monthly payroll is approximately $15,000.
- Years established:
- 1995
Other Information
- Support & training:
-
Training and owner support, the owner is fully 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:
-
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:
- $120,000 - included in the asking price
- Inventory / Stock value:
- $2,000 - included in the asking price
