MergerPlace

Italian Restaurant with Liquor License -

New Jersey (Bergen)


  • Asking Price: $299,000
  • Gross Income: $500,000
  • Cash Flow: $104,900
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $25,000
  • Listing ID: #227381
  • Established: 2011
  • Employees: 3 FT/7 PT

Business Description

Delicious Italian Dining located in a very affluent area of Northern New Jersey.

2300 square feet that fits 80-100 patrons. This business has been a town staple located in a shopping center close to a cornered Starbucks and many other established businesses.

Great tasting food draws from surrounding areas as the reputation exceeds further than just the local crowd. Sale includes valuable liquor license!


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: New Jersey
County: Bergen

Company Information

Year Established: 2011
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT/7 PT

Financial Information

Asking Price: $299,000
Gross Revenue: $500,000
Cash Flow: $104,900
FF&E: $25,000
Seller Financing Available: No

Property Information

Facilities:

Great residential area with plenty of parking. Upper middle class/wealthy demographic town as well as surrounding areas.

Growth & expansion opportunities:

Growth potential is huge regarding take out business: 250 condominiums are being built in the complex adjacent to the restaurant.

Competition:

The competition for a sit down, fine dining Italian restaurant is not very high. This Restaurant is among the leaders of the local industry. One of the few profitable and operating Italian Restaurants in the Post-COVID era in this area.

Reason for selling:

Owner is moving out of state.

Support & Training:

Will train for 2 weeks @ $0 cost. Restaurant Operations/Management required.

Contact Business Seller

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Business Listed By:

Phil Zanardi

Murphy Business Brokers