MergerPlace

Established Cozy Italian Restaurant with

New Jersey (Essex)


  • Asking Price: $109,000
  • Gross Income: $260,000
  • Cash Flow: $99,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $15,000
  • Listing ID: #203721
  • Established: 1997
  • Employees:

Business Description

Cozy, Italian restaurant in strip mall, established 20 years with potential seats60, equipment 2 to 4 years old, very good condition, plenty of parking in the strip mall-landlord will give good new lease. Ideal for owner/cook/operator. Growth potential by acquiring liquor license to sell wine, beer, & liquor. Advertise and market a website.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: New Jersey
County: Essex

Company Information

Year Established: 1997
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $109,000
Gross Revenue: $260,000
Cash Flow: $99,000
FF&E: $15,000
Seller Financing Available: Yes

Property Information

Facilities:

Cozy, Italian restaurant in strip mall, established 20 years with potential seats60, equipment 2 to 4 years old, very good condition, plenty of parking in the strip mall- landlord will give good new lease. Ideal for owner/cook/operator.

Growth & expansion opportunities:

Acquire liquor license to sell wine, beer, & liquor. Advertise and market a website.

Competition:

None in area, pizza store next door

Reason for selling:

Retiring- 70 years old

Support & Training:

2 weeks to 1 month

Contact Business Seller

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Business Listed By:

Soloman Sasson

Executive Business Brokers