Successful Pizzeria Restaurant

Middlesex County, NJ

Successful Pizzeria Restaurant
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Asking Price: $99,000

Cash Flow: $50,000

Gross Revenue: $400,000

EBITDA: N/A

FF&E: $45,000

Inventory: N/A

Rent: $2,666.67 /Month

Established: 2004

Successful Pizzeria Restaurant

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Business Description

Must sell due to owners’ illness for this Successful New York style pizzeria restaurant with a $8,500 weekly gross income and a consistent net yearly income to the owner operator. This twenty-five-year-old business has a wonderful and well-known reputation to its many customers. The business has 50% delivery and small percentage of catering. The business is known for its delicious, fresh Italian Cuisine, and they offer a great lunch, dinner and wonderful service. They have a great selection of Lunch and Dinner selections, daily specials and Free Delivery. The passion to provide delicious Italian Cuisine and Pizza has always been a driving force for this restaurant. This pizzeria / restaurant has six full & part time employees and the payroll is primarily based on a weekly basis, the staff is expected to remain post-closing, and the monthly payroll expense is estimated at approximately $7,200. The business transaction has an assignable commercial lease which expires 2020 plus additional options available, with a monthly rent of $2,666.67, cost per square foot is estimated at $27.16, and rent security of approximately $5,000. This is a dependable safe business opportunity.

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Detailed Information

Location:
Middlesex County, NJ
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The facility which consist of approximately 2,000 square feet has a pleasant appearance, on a state highway with various other active and successful businesses and near to numerous highways. This restaurant business opportunity is in Northern / Central New Jersey, Middlesex County, which consists of highly populated communities with continued demand for this food service.
Competition:
To the best of our knowledge, due to various circumstances, 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.
Growth & Expansion:
The business can be further expanded by the new operator, presently has a limited marketing plan, no local advertising, poor web site and if improved can further develop the business yearly gross sales.
Support & Training:
The owner will remain post-closing and is prepared to supply an appropriate transitional period consisting of weeks to the new owner / operator.
Reason for Selling:
The purpose of this business transaction is due to the owner illness.
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
Customer Service

Regal Consulting Corp.

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