Italian Restaurant with Liquor License - 10 Years

Not Disclosed, NJ
Bergen County

Asking Price: Annual Revenue:
$299,000 $500,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Italian Restaurant with Liquor License - 10 Years Broker: Phil Zanardi

Quick Facts

Asking Price: $299,000
Annual Revenue: $500,000
Net Profit: Not Disclosed
Cash Flow: $104,900
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: 10
BBN Listing #: 36634955
Broker Reference #: 3406-16328

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Business Overview:

Delicious Italian Dining located in a very affluent area of Northern New Jersey.

2,300 square feet that fits 80-100 patrons. This business has been a town staple located in a shopping center close to a cornered Starbucks and many other established businesses.

Great tasting food draws from surrounding areas as the reputation exceeds further than just the local crowd. Sale includes valuable liquor license!

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Property Features and Assets:

Great residential area with plenty of parking. Upper middle class/wealthy demographic town as well as surrounding areas. Assets = $300,000.

Market Competition and Expansion:

The competition for a sit down, fine dining Italian restaurant is not very high. This Restaurant is among the leaders of the local industry. One of the few profitable and operating Italian Restaurants in the Post-COVID era in this area. Growth potential is huge regarding take out business: 250 condominiums are being built in the complex adjacent to the restaurant.

Reason for Selling:

Owner is moving out of state.

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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