Italian Restaurant With Wine License
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $850000
Net Profit / Cash Flow $90000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1995
Number of Employees 10 - 19
Inventory $175,000 equipment & $2,000 inventory.
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training The seller will supply a full transitional period and remain thirty days post closing.
Reason for Sale The seller is retiring after many years of success in the retail food industry.
Description Beautiful Italian restaurant in a quaint, affluent area of Bergen County, NJ. This 18 year old restaurant offers fine Italian cuisine and an extensive wine list. The area attracts local patrons and shoppers from all over, making this restaurant a destination. The business grosses roughly $850,000 and the seller can verify a net income of $90,000. The interior is warm and comfortable and the price has been set well below market value. The facility has recently been upgraded with an attractive image and consists of 3,000 square feet in a warm comfortable setting. The facility has large bay windows, wonderful lighting and a very attractive setting. This business must be seen to be fully appreciated. Located in an upscale municipality of Northern Bergen County, New Jersey on an active commercial avenue with a numerous businesses. The general area hosts a huge volume of businesses, and acts as an entertainment hub for various surrounding communities. The facility has recently been upgraded with an attractive image and consists of 3,000 square feet in a warm comfortable setting. The facility has large bay windows, wonderful lighting and a very attractive setting.
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