PRICE REDUCED.Pizza Pizza. Great Location. Super Income. Major Upside.

Bergen County, NJ

Seller Financing Available
PRICE REDUCED.Pizza Pizza. Great Location. Super Income. Major Upside.
Contact Seller

Asking Price: $500,000

Cash Flow: $252,000

Gross Revenue: $1,500,000

EBITDA: N/A

FF&E: N/A

Inventory: $20,000*

Rent: $7,000 /Month

Established: 1992

*not included in asking price.

PRICE REDUCED.Pizza Pizza. Great Location. Super Income. Major Upside.

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Business Description

Established Neighborhood Pizza store with subs, hero's and Italian specialties.
Solid residential with manufacturing, service businesses and warehouses close by.
Beer & Wine license with 60+ seating.
Shopping center location.
High volume sales & income with great upside.
Sign and send the attached NDA for more information.
brian@elbrokerage.com
T: 917-834-4063
F: 201-568-5401

Attached Documents


Detailed Information

Location:
Bergen County, NJ
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
12/31/2028
Employees:
10 FT 14 PT + O
Facilities:
3000 SF store in a busy shopping mall with 100+ parking. 10 year lease at $7,000/Month including CAM & Real Estate Taxes with 3% increases. Fully equipped kitchen with dining room seating 60+.
Competition:
NO competition in this section of town. The shopping center is the main shopping area.Surrounded by dense residential. Close to industrial Park with all types of businesses and 100's of workers. Large dining area with table service.
Growth & Expansion:
Business has a basic website that needs to be upgraded to handle online delivery and pickup orders. Do not use the online delivery sites and do not do any advertising. Tremendous upside in developing delivery and catering business. Currently 25% of sales are delivery from call-ins. Store is overstaffed and an experienced operator can reduce payroll substantially.
Financing:
Limited Seller Financing To Qualified Buyer.
Support & Training:
Owner will transition
Reason for Selling:
Other opportunities
Contact Seller

Contact the Seller

(from currently available funds)
 
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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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Memberships & Certifications:
Indicates membership in The New York Association of Business Brokers (NYABB).

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