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Italian Restaurant Nets $300,000
RIDGEWOOD, NJ
BERGEN County
Active county road.
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| Asking Price: | Annual Revenue: |
| $725,000 | $2,000,000 |
Food & Beverage: Restaurants, Fast Food, Deli
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RE: Italian Restaurant Nets $300,000
Contact: Ron Cervelli
Owner Financing is Available!
Also, seller financing is available for this transaction to a qualified buyer with an appropriate down payment, collateral, and credit rating.
Quick Facts
| Asking Price: | $725,000 | |
| Annual Revenue: | $2,000,000 | |
| Net Profit: | $300 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 145,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2020 | |
| Employees: | 21 | |
| BBN Listing #: | 38643909 | |
| Broker Reference #: | REST818 |
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Business Overview:
Most unusual business opportunity for this ultra-modern Italian restaurant in an affluent area of Northern New Jersey, Bergen County with an estimated 2023 gross yearly income of $2,000,000 and evidencing a net income of $300,000 to the owner operator. This restaurant purchase will offer owner financing to a qualified buyer. They are a family-owned and operated BYO liquor and offers a full menu of Italian specialties. Their objective and company goal is to provide first class hospitality while celebrating Italy's vibrant culinary cuisine. They encourage an atmosphere where customers can meet for the best possible foods and enjoy the atmosphere. This is a dependable safe business opportunity and based on the asking price, required down payment for owner financing, and yearly net income, this business expects to supply a consistent return on investment to the owner operator. The 2023 yearly gross income as represented by the owner is estimated at $2,000,000 and the business has a yearly net income of approximately $300,000 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. 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 conveniently located on a county road. This business facility consists of approximately 3,712 square feet with a modern, attractive, appearance with a seating capacity for one hundred (100) one hundred customers and parking for forty-five vehicles. The restaurant has outdoor seating for additional customers.
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.
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:
- View more New Jersey businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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