Business For Sale

Italian Restaurant with liquor & real estate

Not Disclosed, NJ
Somerset County


Asking Price: Annual Revenue:
$895,000 $750,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Italian Restaurant with liquor & real estate Broker: Robert Petrin jr

Quick Facts

Asking Price: $895,000
Annual Revenue: $750,000
Net Profit: Not Disclosed
Cash Flow: $150,000
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: $600,000
Year Established: 1960
Employees: 10
BBN Listing #: 512645063
Broker Reference #: 9

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Business Overview:

A local institution for decades, with a reputation for great food, and friendly service, and a loyal following. Perfect for a chef owner.
Currently not open for lunch. Old world Italian recipes included in sale. Needs some fresh ideas to increase sales.

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Property Features and Assets:

Unlimited parking, with building in very good condition.

Market Competition and Expansion:

Taverns and Restaurants in the area all have different concepts.

Reason for Selling:

Retirement.

Additional Details:

  • The property is owned.
  • 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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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