Italian Restaurant with Liquor Licnese

Not Disclosed, NJ
Bergen County


Asking Price: Annual Revenue:
$395,000 $1,016,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Italian Restaurant with Liquor Licnese Broker: Ron Cervelli
Owner Financing is Available!
Seller financing is available to a qualified buyer with an appropriate down payment, collateral and credit rating.

Quick Facts

Asking Price: $395,000
Annual Revenue: $1,016,000
Net Profit: Not Disclosed
Cash Flow: $137,600
Total Debt: Not Disclosed
FF&E: $410,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 10
BBN Listing #: 62893909
Broker Reference #: REST717

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Business Overview:

A must see this Italian restaurant with a valuable liquor license located in an active area of Northern New Jersey Bergen County. The business has a gross yearly income of $1,016,000 and a consistent net yearly income based on an onsite owner. The business produces 80% food and 20% liquor sales. This highly popular restaurant is a favorite, to the locals for casual dining with excellent service. Their restaurant is family friendly and offers a wide menu selection that has something for everyone. Everything is made fresh to order, and they are proud to serve a large variety of classic and specialty Italian dishes. The relaxed atmosphere, personable service and outstanding food, wine and full bar, make this restaurant the perfect destination for your family. Takeout orders are welcome, and they also cater your next event in our house or yours. This business opportunity has ten employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll approximately $30,000. The business has an assignable commercial lease which expires 2025 plus additional options, with a monthly rent of $11,700 all in and rent security will be required. The business has been valued at $395,000, based on a multiple of the net yearly income and the value of the specific business assets and seller financing is available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.

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Property Features and Assets:

The facility consists of an ultra-modern 4,000 square foot fully operational Italian Restaurant with a seating capacity for approximately168 customers. The business is in a mid-size commercial mall with various other active and successful businesses. This business opportunity is located on a very active county road in Northern New Jersey, Bergen County, which consists of various affluent and urban communities with continued demand for this particular service.

Market Competition and Expansion:

To the best of our knowledge due to various circumstances, limited liquor licenses, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The business presently has an appropriate web site, however a limited marketing plan, and if improved can further develop the business bottom line net income.

Reason for Selling:

This sale opportunity is due to the owner’s illness.

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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