Asset Sale/Absentee Run Italian Restaurant

Not Disclosed, NJ
Morris County

Asking Price: Annual Revenue:
$395,000 $1,000,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Asset Sale/Absentee Run Italian Restaurant Broker: Seller of Business

Quick Facts

Asking Price: $395,000
Annual Revenue: $1,000,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 16752979
Broker Reference #: 12958LB

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Business Overview:

Affluent Morris County NJ location with plenty of parking. Seats 250+/- inside and out. BYOB with a liquor store directly next door. Long lease 12+/- remaining term. In operation for over 40 years (current owner 6+/- years). Pizzeria has a separate entrance built in 2021. Restaurant and pizzeria has a shared kitchen. Renovated and build out cost $500,000+. Open 7 days 10:00am-9:00pm except Friday & Sat 9:30pm. Monthly rent $12,000+/- (base $7,500 & Cam & RE Tax $4,500.00). Combined space 7,000 +/- square feet. Restaurant included private party room seating 50 +/-. Includes outdoor seating 80+/-. Combined sales restaurant & pizzeria ($20,000 +/-). Sales restaurant $14,000 +/- weekly and pizzeria $6,000 +/- weekly. Website included in purchase price of $395,000.00. Priced for QUICK SALE. Will consider all reasonable offers. Great opportunity for an owner operator.

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Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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