Pizzeria Nets $115,000
Business Description
A wonderful modern pizzeria restaurant with a Manhattan & river view and gross yearly sales of $945,418 and a consistent net yearly income of $115,000 to the owner operator. The owner is relocating out of state and has priced the business quite aggressively and below market value. Unique opportunity with 90% of the income based on pick up and delivery. The owner will be financing a qualified buyer. All food is made fresh from scratch, and they do not cut any corners on quality. 95% Take-Out and 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. 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. Regarding employees and payroll, this restaurant pizzeria consists of eight full & part time employees who are unaware of the sale pending. 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. The 2023 yearly gross income as represented by the owner is estimated at $945,418 and the business has a yearly net income of approximately $120,000 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2025 income is expected to be similar or greater to the previous year. A formal due diligence is recommended by the broker.
About the Business
- Years in Operation
- 7
- Facilities & Assets
- This business opportunity is in northern New Jersey, Bergen County in the city of Fort Lee, Edgewater area on a highly active county road with thousands of residents in high rise residential units. This business facility consists of approximately 1,150 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.
- Market Outlook / Competition
- 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.
- Opportunities for Growth
- 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 it can further develop yearly business sales.
Real Estate
- Owned or Leased
- Leased
About the Sale
- Seller Motivation
- The purpose of this business transaction is due to the owner’s relocation out of
- Transition Support
- Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to the purchaser.
- Financing Options
- Also, seller financing is available with aa appropriate down payment to a qualified b
Listing Info
- ID
- 2445513
- Listing Views
Listing ID: 2445513 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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