Italian Restaurant with Patio Outside Seating

Not Disclosed, NJ
Essex County

Asking Price: Annual Revenue:
$269,900 $554,227

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Italian Restaurant with Patio Outside Seating Broker: Phil Zanardi

Quick Facts

Asking Price: $269,900
Annual Revenue: $554,227
Net Profit: Not Disclosed
Cash Flow: $140,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2018
Employees: 11
BBN Listing #: 89964955
Broker Reference #: 3406-16287

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Business Overview:

Italian Restaurant with Patio Outside Seating for 50+

Vintage Italian Restaurant owned and operated by natives of the Old Country. Specializing in authentic Italian Cuisine, this location is boasted by locals as the best Italian Restaurant in town.

This eatery has a beautiful outdoor patio garden with seating up to 50 patrons, which was significantly valuable up against the challenges brought by COVID-19.

The menu is short and concise, with a growing take out business during lunch hours, and a BYOB style experience during dinner hours. Total occupancy inside is 68.

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Property Features and Assets:

The space includes: Dining Room Outdoor Patio Full Service Kitchen Basement for storage apartment upstairs (currently rented by chef) Assets = $275,000

Market Competition and Expansion:

2 Other Italian Restaurants in town. Industry as a whole has taken a measurable hit due to pandemic. The sky is the limit! This restaurant is one of the VERY few places in the industry to actually INCREASE sales during the COVID-19 pandemic, thanks to a great take out business and a beautiful outdoor patio. A conscious effort of revamping the digital marketing strategy would take the revenues to another level.

Reason for Selling:

Health Issues.

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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