Italian Luncheonette For Sale
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $500000
Net Profit / Cash Flow $100000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1980
Number of Employees 6 - 9
Inventory 150000 Equipment & 1500 Inventory
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training The seller will remain thirty days after closing and supply a long term transitional period.
Reason for Sale Retiring after many successful years in this particular industry.
Description Great opportunity for this high volume five day luncheonette business minutes from a local active airport. This luncheonette restaurant is in a commercial area of Northern New Jersey, Bergen County. This profitable restaurant has limited hours from 6:30 am to 4:30 pm, produces a gross yearly income of $500,000 and a consistent net income of (SDI) $100,000. The facility is free standing with private parking and a seating capacity for sixty five (65) customers and 1,950 square feet. The facility is clean modern with a pleasant image and a quality reputation in the area. The seller is retiring after years in this industry, will train and finance the sale to a qualified buyer. Located in a highly active commercial industrial area close to numerous businesses, a local airport and various county road and state highways. The business is also nearby various retail shopping areas with a large number daily shoppers and workers. The facility consists of 1,950 square feet in an attractive free standing building with a seating capacity for approximately sixty five customers. The business has a clean modern appearance which has been upgraded during the past few years.
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