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Successful Pizzeria Restaurant for sale in Middlesex County, NJ

Middlesex County, New Jersey (NJ)

Asking Price: Gross: Cash Flow:
$ 99,000 $ 400,000 $ 50,000

Furniture and Fixtures Value:
$ 45,000 (included in the asking price)

Business Summary:
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.

 

   
Year Business was Established: 2004
   
Number of Employees: 6  
   
Facilities / Terms of Lease: 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.  
   
Potential 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.  
   
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.  
   
Owner willing to train: 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.  
   
Seller Reference Number: PZZA742
BusinessMart.com Listing Number: 247667
 

 

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For more info contact:

Ronald Cervelli

Regal Consulting Corp.
973-837-0808

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