Profitable Italian Restaurant for Sale in NJ

Toms River, NJ
Ocean County


Asking Price: Annual Revenue:
$399,000 $1,459,130

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Italian Restaurant for Sale in NJ Broker: Steve Weinbaum

Quick Facts

Asking Price: $399,000
Annual Revenue: $1,459,130
Net Profit: Not Disclosed
Cash Flow: $183,220
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1987
Employees: 12
BBN Listing #: 59708096
Broker Reference #: 8114

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Business Overview:

Beautiful and Profitable Italian Restaurant For Sale in Ocean County New Jersey. This Opportunity Truly has it all. Over 30 Years of Successful Operations, Seven Figure Sales with Six Figure Earnings, Terrific Long Term Lease, Amazing Staff, and Both Indoor and Outdoor Seating For Over 130 Guests. Good Books and Records Should Qualify this Profitable Restaurant for SBA Lending.

Plain and simple...after 30 years of being an owner operator, it's time for this Seller to retire and hand the reins of this profitable Italian Restaurant over to a new owner who wants to work hard and enjoy the lifestyle $180,000 in verifiable Seller Discretionary Earnings brings. This Italian Restaurant for Sale boasts amazing four star reviews and a loyal following of customers who have been coming back for years of authentic homemade Italian cuisine. Voted Best In Ocean County. Whether your favorite is pasta, veal, chicken, or freshly prepared seafood, this restaurant caters to everyone.

The venue itself is perfect. First the location which is easily accessible from several major roads. Surrounded by tons of residences, businesses, and offices, the restaurant is busy for lunch and dinner. The inside is a spacious 2,400 square feet that can seat over 80. Outside there is a patio that can be semi-enclosed based on the weather that can accommodate an additional 50 guests. You would think a venue and location like this doing over $100,000 in monthly revenue would have a five-figure rent. Nope...the rent is an incredible $5,400 per month all in or only four percent of sales. One of the many factors contributing to this successful Italian Restaurant for Sale 's strong earnings. And don't worry about this attractive lease running out anytime soon. We Sell Restaurants can help you get a lease assignment with options on the current lease term extending all the way out to 2035.

Although 2020 was an unprecedented year for restaurants, this profitable Italian Restaurant for Sale in Ocean County leveraged its outdoor seating, catering, and curb side pick-up to keep serving up their amazing dishes. 2021 promises to be another great year. Longevity, Strong Earnings and verifiable books and records should qualify this business for SBA lending. Call your Restaurant Brokers at We Sell Restaurants to to learn more.

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Property Features and Assets:

6 by 8 walk in refrigerator 2 door sliding glass refrigerator 6 foot bel marie for salad 2 bei sink grinder with table 3 bei sink for dishwasher Jackson Tempstar dishwasher stainless steel table with spray gun for dishwasher stainless steel table for landing trays for dishwasher 2 8 foot ss tables for dish out 2 4 foot under counter refrigerators for cooking line 1 4 foot undercounted freezer 2 10 burner stoves 1 broiler confection oven 2 door commercial grade fan 12 foot hood ventilation system 3 foot hood ventilation system 1 year old suppression system 75 gallon commercial water heater 6 months old single bed sink near pasta station bottle cooler misc dishes and glasses misc silverware 2 18 by 8 sheds in back of rest for storage 2 4 by 6 she's in back of restaurant for storage slicing machine with table fryer 2 foot by 6 foot ss prep table 12 serving trays

Market Competition and Expansion:

great value for clients, turnkey, large client base, , fully furnished, rare opportunity, outdoor seating, long lease. awarded Best in Ocean County by Asbury Park Press 2019 other years also.

Reason for Selling:

Retirement

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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