Pizza Restaurant High Volume
Business Description
This is an unusual business opportunity for this ultra-modern Italian restaurant Pizzeria in an affluent area of Northern New Jersey, Bergen County with a yearly income of $1,166,171 and evidencing a net income of approximately $150,770 to the owner operator. This restaurant purchase will offer owner financing to a qualified buyer with an appropriate down payment. They are a family-owned and operated BYO liquor and offers a full menu of Italian specialties. The company offers delivery services, and their objective and company goals are to provide first class hospitality while celebrating vibrant culinary cuisine. They encourage an atmosphere where customers can meet for the best possible foods and enjoy the atmosphere. This is a dependable safe business opportunity and based on the asking price, required down payment for owner financing, and yearly net income, this business expects to supply a consistent return on investment to the owner operator. For Qualifications purposes, this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses already in place. The yearly gross income as represented by the owner is estimated at $1,166,171 and the business has a yearly net income of approximately $157,268 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. 2024 gross sales are estimated to be greater. Broker recommends formal due diligence. The business was priced at $495,000 which is based on a multiple of the net income, with consideration of the business assets. Also, SBA and seller financing are available for this transaction to a qualified buyer with an appropriate fair down payment, collateral, and credit rating.
About the Business
- Years in Operation
- 35
- Employees
- 12
- Facilities & Assets
- This is an unusual business opportunity for this ultra-modern Italian restaurant Pizzeria in an affluent area of Northern New Jersey, Bergen County with a yearly income of $1,166,171 and evidencing a net income of approximately $150,770 to the owner operator. This restaurant purchase will offer owner financing to a qualified buyer with an appropriate down payment. They are a family-owned and operated BYO liquor and offers a full menu of Italian specialties. The company offers delivery from outdoor services.
- Market Outlook / Competition
- 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. Also, no other liquor licenses are currently available in this city.
- Opportunities for Growth
- Regarding growth and expansion, this retail company can be further developed by increasing the number of days of operation, improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,800
- Rent
- $4,000.00 per month
- Lease Expiration
- 4/4/2035
About the Sale
- Seller Motivation
- The purpose of this business transaction is due to the owner of noncompetitive a
- Transition Support
- Training and owner support: the owner is fully prepared to remain post-closing and is prepared to supply an appropriate transitional period to purchaser.
- Financing Options
- Owner financing
Listing Info
- ID
- 2353884
- Listing Views
- 1719
Listing ID: 2353884 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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