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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