Italian Restaurant for Sale in NJ-33189

Not Disclosed, NJ
Atlantic County


Asking Price: Annual Revenue:
$425,000 $425,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Italian Restaurant for Sale in NJ-33189 Broker: Melvin L. Vaz
Owner Financing is Available!
$275,000.00 Down & $150,000 over 5 years @ 6%.

Quick Facts

Asking Price: $425,000
Annual Revenue: $425,000
Net Profit: $1,200,000
Cash Flow: $156,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 20
BBN Listing #: 59284447
Broker Reference #: 33189

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Business Overview:

Fantastic Italian Restaurant - Run Absentee. Located in a densely-populated area of Atlantic County, this business offers 2,500 square feet and over 40 parking spaces. They have a simple menu and offer eat-in, take-out and delivery. They also have a special brick-oven for pizza as well as traditional pizza ovens. There are 7 years left on the current lease with a rent of $6,370 per month. In the past year, the business grossed approximately $1,200,000.00 with a net cash flow of approximately $156,000.00 (with an absentee owner). There are 2 owners of the business. Only one partner operates the business roughly 3 hours per week. There is a full staff in place with managers. There is upside for an owner operator to reduce payroll and expand the current offerings. A liquor license would be a great addition. The business is currently BYOB. We are seeking a serious and financially qualified buyer with at least $275,000 in liquid funds to cover the down payment. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

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Reason for Selling:

Divesting

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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