Italian Restaurant

Not Disclosed, NJ
Somerset County


Asking Price: Annual Revenue:
$249,000 $725,000

Food & Beverage: Restaurants, Fast Food, Deli


Request More Information
Contact the Seller

RE: Italian Restaurant Broker: Ron Cervelli
Owner Financing is Available!
Seller financing may be considered.

Quick Facts

Asking Price: $249,000
Annual Revenue: $725,000
Net Profit: Not Disclosed
Cash Flow: $110,000
Total Debt: Not Disclosed
FF&E: $170,000
Real Estate: Not Disclosed
Year Established: 1991
Employees: 10
BBN Listing #: 52833909
Broker Reference #: REST712

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

Solid business opportunity for this family owned and operated restaurant / pizzeria with a gross income of $725,000 and a consistent yearly net income of $110,000. They use the freshest, flavorful ingredients to prepare their authentic Italian dishes in a family friendly atmosphere and serve lunch and dinner 7 days a week and deliver for their customer’s convenience. The business is also very well known for its convenient location for business meetings or dinner with friends. For the past five decades, this restaurants reputation maintains the highest standards when it comes to the quality of fine Italian cuisine. From hand cut veal and chicken, the Black Angus Beef, the vegetables and seafood that are delivered fresh daily, which is like no other. Beyond the traditional Italian dishes, you will find a variety of other selections with daily specials with their Stuffed Portobello Mushroom, to the Fried Calamari that hundreds of faithful customers swear it is the best in the state. Their pizzeria, not to be outdone by the generous portions has some signature pizza of its own. Besides great food, the restaurant is well known in the community and has sponsored a little league team since 1995. They have donated gift certificates, food, and time in the form of cooking demonstrations to various organizations in the community. They are proud to be known as one of the oldest restaurants in Somerset County. The sale has an assignable commercial lease which expires 2030-01-01 plus additional options, with a monthly rent of $6,080, cost per square ft. is $24.32 and rent security $12,000. This business has ten full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $13,800. This is a dependable business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

This very attractive retail facility located in a quant commercial mall and consist of 3,200 square feet with a modern appearance. This mid-size mall has various other active and successful businesses. This opportunity is in Northern New Jersey, Somerset County, on a very active county road which consists of various affluent communities with continued demand for this food product.

Market Competition and Expansion:

To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The business presently has a limited marketing plan, basic web site and if improved can further develop the business net income.

Reason for Selling:

The owner retiring after many years of success in this business.

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.

Documents:

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!