Seller's Contact Information
- RE: Casual Italian Restaurant
- Contact: Ron Cervelli
Quick Facts
| Asking Price: | $235,000 | |
| Annual Revenue: | $771,366 | |
| Net Profit: | $110 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 75,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2018 | |
| Employees: | 10 | |
| BBN Listing #: | 97973909 | |
| Broker Reference #: | REST813 |
Business Overview:
Wonderful business opportunity for this locally operated BYOB restaurant serving traditional Italian cuisine with a casual vibe. The business opportunity has a substantial gross income and a consistent net yearly income to the owner operator. Wonderful investment with a solid return on investment and priced for a quick sale with owner financing. Their objective is to provide first class service and fresh high-quality cuisine with an Italian flair to the customers they service. Their menu features an extensive selection with a variety of fresh innovative entrees, and homemade desserts. This is a profitable safe business opportunity and based on the moderate asking price, and yearly net income, this business expects to supply a consistent return on investment to the owner operator. The most recent twelve-month gross sales are $771,366 plus discretionary income and the net income is estimated at a minimum of $110,000 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2022 income is expected to be similar or greater to the previous year. A formal due diligence is recommended buy broker.
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Property Features and Assets:
This business opportunity is in northern New Jersey, Bergen County on a convenient active county road. This business facility consists of approximately 1,650 square feet with an attractive, old-world appearance. The business is located on a commercial avenue with numerous other retail businesses.
Market Competition and Expansion:
Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Reason for Selling:
Relocating to an alternative business.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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