Italian Restaurant 80 seats gross 500,k ask 100 k

Washington Township , NJ
Gloucester County

Asking Price: Annual Revenue:
$100,000 $500,000

Food & Beverage: Catering, Food Preparation

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RE: Italian Restaurant 80 seats gross 500,k ask 100 k Broker: robert domico

Quick Facts

Asking Price: $100,000
Annual Revenue: $500,000
Net Profit: $50,000
Cash Flow: $500,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2005
Employees: 12
BBN Listing #: 753546600
Broker Reference #: 123456

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Business Overview:

Restaurant was doing over i million a year last year ,Brothers disagree must dissolve partnership.Each will go their own way.This is the most beautiful dinning room you have ever seen, cost 225,000 to build the dinning room. can open for lunch, can put in Sunday brunch and d a big Funeral lunch Business , presently only open for Dinner for 5 hours a day.

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Property Features and Assets:

Restaurant is beautifully appointed in very high end area.For best results, should have a chef owner, but do your own thing.

Market Competition and Expansion:

Sunday Burch, lunch business ,dinner meetings during the week,Funeral luncheons and great dinner business at weeks end. Potential gross 1.5 million.

Reason for Selling:

Disagree with brother partner.

Additional Details:

  • The property is leased.
  • The owner is not 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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