Italian Restaurant With Liquor License
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $900000
Net Profit / Cash Flow $150000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1970
Number of Employees 10 - 19
Inventory $270,000 equipment & $1,500 inventory.
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training The seller will supply training and remain sixty days post closing.
Reason for Sale Retiring after many successful years in this particular industry.
Description Highly successful Italian Restaurant and Pizzeria with valuable liquor license on an active county road in Sussex County. The 5,000 square foot restaurant operates for lunch and dinner from 11am-10pm, accommodating 200 customers and offers live entertainment on occasion. The business produces an annual gross income of approximately $900,000 and the seller can verify a consistent net income. The new owner can increase hours and promote liquor sales to attract a later drinking crowd. This is an excellent opportunity that must be seen to fully appreciate the value. The business is located in a Sussex County Community on a high traffic county road with a substantial demand for this type of business. The facility consists of 5,000 sq ft with a seating capacity for 200 customers. The site has multiple levels which serve as a Pizzeria in one section and successful restaurant with site down table service. The business also has a separate party room for fifty customers. The business is attractively set up as a casual Italian restaurant and occasionally acts as a lounge with live entertainment.
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