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Listed by:

Regal Consulting Corp.

Pizzeria Nets $220,669 In Bergen County For Sale

Bergen County, New Jersey, US
Asking Price:
$699,000 Inventory / Stock included
Sales Revenue:
$1,119,836
Cash Flow:
$220,669

Recently on the market, Owner retiring after forty years of success with this high-volume Pizzeria, with only delivery service and no sit-down service since the start of the pandemic. This pizzeria is active six days, closed Sunday, with a gross income of $1,119,836 and a net yearly income of $220,669. The company is in Bergen County, Northern New Jersey in an active affluent community. This is a safe business opportunity and based on the business history of success this pizzeria fully expects to supply a consistent return on investment to the owner operator. The 2020 yearly gross income as represented by the owners Tax Returns is $119,836 and the business has a yearly net income of approximately $220,669 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2021 income is similar to the previous year and 2022 income is expected to be potentially greater than the previous year. A formal due diligence is also recommended buy broker.

Property Information

Real Estate:

Lease

Location:

This business opportunity is in northern New Jersey, Bergen County on a highly active convenient county road. The business is in a convenient five store mall with appropriate private parking.

Premises Details:

This business facility consists of approximately 1,850 square feet fully equipped for high volume production with a seating capacity for forty-two (42) customers.

Size in square feet:
1,850

Business Operation

Expansion Potential:

Regarding growth and expansion, this pizzeria restaurant can be further developed by increasing days of operation, improving the marketing system for local advertising. Additionally, the operation has been closed for all inside seating service since the pandemic and continues not to offer table service. Finally, the business requires remodeling for future growth.

Competition / Market:

Regarding competition, it is our understanding 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 particular 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 retail company consist of five employees who are unaware of the pending sale. The payroll is primarily based on a weekly base salary, and the staff is fully expected to remain post-closing, monthly payroll expense is approximately $9,700.
Years established:
1977

Other Information

Support & training:

Training and owner support, the owner is fully prepared to remain after closing to supply an appropriate transitional period to purchaser.

Financing available:

Also, SBA bank financing is available for this transaction to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Furniture / Fixtures value:
$175,000
Inventory / Stock value:
$5,000 - included in the asking price

Contact Regal Consulting Corp.

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