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Italian Food & Specialties, Nets $150k for sale in Hunterdon County, NJ

Hunterdon County, New Jersey (NJ)

Asking Price: Gross: Cash Flow:
$ 350,000 $ 1,000,000 $ 150,000

Furniture and Fixtures Value:
$ 170,000 (included in the asking price)

Inventory Value:
$ 1,500 (included in the asking price)

Business Summary:
This is a highly successful Deli / food market / pizzeria with a weekly gross income of $22,000, gross yearly sales of $1,100,000 and a consistent net yearly income to the onsite owner operator. The business income represents 50% deli/food market and 50% pizzeria sales with a moderate cost of goods, representing a substantial average mark up to the company. The deli has a successful catering service representing a wonderful menu of popular dishes. 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 33% investment return to the owner operator prior to debt service. This food & service industry does not require any specific government licensing approval to purchase or operate other than the appropriate municipal licenses. This successful retail Deli & Pizzeria facility which consist of 1,650 square feet, has an attractive modern appearance. The business is in a mid-size commercial mall with other active businesses and is located on a convenient, county road. This opportunity is in North Western New Jersey, Hunterdon County, which consists of various affluent communities with continued demand for this industry. This company has five full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $14,000. The business has an assignable commercial lease which expires 2027-01-01 plus additional options, with a monthly rent of $2,600, cost per square foot is estimated at $18.75 and rent security of approximately $5,000. The business fixed assets has an estimated value of approximately $170,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped deli pizzeria which includes a commercial kitchen, fire suppression system, freezers, refrigeration units, displays, shelving, POS system, tables, computers, software 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 mall parking on site as part of the commercial lease. This successful business operation is active seven days per week, with hours from 11:00 am to 9:00 pm. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator. The sale is due to the owner relocating into a larger business opportunity. The business presently has a limited marketing plan, basic web site, and no delivery system, if improved can further develop the business yearly gross sales. No other similar competitors presently exist in the area, and 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. The 2017 yearly gross income projected at $1,100,000 and the business has a yearly net income of approximately $150,000 based on an onsite owner operator and prior to any personal debt service. The business has been valued at $350,000 with $125,000 down payment which is based on a multiple of the net yearly income including the value of the specific business assets and seller financing has been conditionally 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.

 

   
Year Business was Established: 2014
   
Number of Employees: 5  
   
Facilities / Terms of Lease: This successful retail Deli & Pizzeria facility which consist of 1,650 square feet has an attractive modern appearance. The business is in a mid-size commercial mall with other active businesses and is located on a convenient county road. This opportunity is in North Western New Jersey, Hunterdon County, which consists of various affluent communities with continued demand for this industry.  
   
Potential Growth/Expansion: The business presently has a limited marketing plan, basic web site, and no delivery system, if improved can further develop the business yearly gross sales.  
   
Competition: No other similar competitors presently exist in the area, and 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.  
   
Owner willing to finance: $125000 down 5 yr term.  
   
Owner willing to train: The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.  
   
Reason for selling: sale is due to the owner is relocating into a larger business opportunity.  
   
Seller Reference Number: PZZA431
BusinessMart.com Listing Number: 209131
 

 

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For more info contact:

Ronald Cervelli

Regal Consulting Corp.
973-837-0808

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