New Modern Pizzeria with a gross weekly income of $12,000 and an excellent net yearly income to the owner operator. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. This retail company is six months new and expect continued growth within the next few months. This industry does not require government licensing approval to purchase. This is a modern one year young retail facility which consist of 2,100 square feet with a modern attractive appearance. The business is in a commercial setting with various other active and successful businesses. This opportunity is located in Northern New Jersey, Essex County, which consists of various affluent communities with continued demand for this food product. This pizzeria business has twelve full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $16,000. The business has an assignable commercial lease which expires 2026-01-01 plus additional options, with a monthly rent of $2,500, cost per square foot is $15.00 and rent security $5,000.The business is located on an active commercial avenue which consists of 2,100 square feet has a capacity for approximately twenty-five customers. The business fixed assets has an estimated value of approximately $175,000 which is based on replacement cost and the sale consists of a fully equipped restaurant pizzeria which includes a commercial kitchen, pizza oven, refrigeration & freezer units, POS system, displays, shelving, tables, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 11:00 am to 9:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required city licenses to conduct its day to day business. The owner will remain after-closing in order to supply an appropriate transitional period to the new operator. The sale is due to family partnership separation. This new pizzeria restaurant has a limited marketing plan, no web site and if improved can further develop the business bottom line net income. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The 2016 yearly gross income is projected at $575,000 and the business expects a net yearly income of $89,000 based on an owner operator and prior to debt service. The business has been valued at $225,000 based on a multiple of the net yearly income including the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Asking Price $225,000
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