Wonderful New York River view, modern pizzeria restaurant with gross sales of $800,000 yearly and a consistent net yearly income to the owner operator. The owner is relocating out of state and has priced the business quite aggressively and below market value. Very unique opportunity with 95% of the income based on pick up and delivery. The owner will be financing to a qualified buyer. All food is made fresh from scratch, and they do not cut any corners on quality. Dine-In, Take-Out, Delivery, BYOB, By the Pie, by the Slice, Square, Round, Personal, Pasta, Salad, Sandwiches, and a few Vegan options, they have something fresh for everybody. This is a dependable safe business opportunity and based on the asking price, owner financing available and yearly net income, this business expects to supply a consistent return on investment to the owner operator.
- Asking Price:
- $325,000 Inventory / Stock included
- Sales Revenue:
- $800,000
- Cash Flow:
- $90,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease and terms; this business transaction will offer an assignable commercial lease which expires 2028-01-01, plus additional options available, with a monthly rent of $3,725 all in, cost per square foot is approximately $45.00 and rent security is required.
- Leasehold Rent:
-
$44,700 per annum
- Lease Rent:
- $35 per sq ft per annum
- Location:
-
This business opportunity is in northern New Jersey, Bergen County in the city of Fort Lee, Edgewater on a highly active county road with thousands of residents in high rise residential units. This business facility consists of approximately 1,250 square feet with a modern, attractive, and professional appearance. The business is in a commercial mall with numerous other independent businesses and conveniently located for its various customers.
- Size in square feet:
- 1,250
Business Operation
- Expansion Potential:
-
Regarding growth and expansion, the retail company can be further developed by increasing the number of days of operation, improving the local advertising. 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 relocation out of the state of New Jersey.
- Trading hours:
-
Days Hours of operation; this business is active six days p1335er week, closed Sunday with hours from 11:00 am to 9:00 pm.
- Employees:
- who are unaware of the pending sale. The payroll is primarily based on an hourly basis salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $25,000.
- Years established:
- 2017
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:
-
Also, SBA and seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
- Furniture / Fixtures value:
- $125,000
- Inventory / Stock value:
- $1,000 - included in the asking price
