Established Italian Restaurant SBA Preapproved

Not Disclosed, NJ
Union County


Asking Price: Annual Revenue:
$2,200,000 $2,727,750

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Established Italian Restaurant SBA Preapproved Broker: Seller of Business

Quick Facts

Asking Price: $2,200,000
Annual Revenue: $2,727,750
Net Profit: Not Disclosed
Cash Flow: $941,362
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1986
Employees: 13
BBN Listing #: 373650121
Broker Reference #: 6301-169722

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Business Overview:

Successful 35-year Italian Restaurant-Pizzeria with high sales & profit! This amazing business combines a warm 80 seat wood paneled dining room and a neat 100 seat pizzeria side by side. Offering the best pastas, chicken, seafood, pizza, sandwiches, salads & desserts in the area. Located in a busy strip center with plenty of parking. Features recently purchased high speed convection system to handle the busy lunch crowd. Lunch clientele come from the nearby corporate parks leased by high tech, pharmaceutical and financial services companies combining take out, delivery via 3rd party apps and sit down. The dinner crowd is driven by the local residents in this town with a median household income above $200,000 within a 3 mile radius. Formal dining room has remained closed post Covid but the sales continue to increase. A new owner can reopen the formal dining area with waitress service and drive this restaurant to the next level.

Occupancy costs are a reasonable 6.6% of Gross Sales for 4360 square feet consisting of $14,177 NNN plus CAM of $2000 monthly. Increases tied to CPI.

Hours are Daily 10AM-10PM
Well maintained building and equipment with delivery access in back. 13 current employees. Owner works approx. 35 hours a week. Fully equipped kitchen and new air conditioning. Lease expires in 2029 and can be extended.

The business has steadily increased even with a reduced lunch crowd, because the corporate businesses have remained closed since Covid. A nearby Olympic size swim training facility which draws large crowds on the weekends has yet to reopen. The town has committed to 1209 new residences which will increase the town population by 25% in the next few years..

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Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is 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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