Attractive Restaurant Cafe

Not Disclosed, NJ
Morris County


Asking Price: Annual Revenue:
$99,000 $458,000

Food & Beverage: Restaurants, Fast Food, Deli


Request More Information
Contact the Seller

RE: Attractive Restaurant Cafe Broker: Ron Cervelli

Quick Facts

Asking Price: $99,000
Annual Revenue: $458,000
Net Profit: Not Disclosed
Cash Flow: $105,000
Total Debt: Not Disclosed
FF&E: $145,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 5
BBN Listing #: 13343909
Broker Reference #: REST708

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

Unusual business opportunity for this very attractive ultra-modern Italian restaurant café located on a highly active state highway in Morris County, New Jersey. The sale offers owner financing and full training for the purchaser. At this highly popular restaurant they pride themselves on using the freshest ingredients combined with culinary creativity to provide you with an authentic Italian cuisine experience. They continually feature house specialty items to their loyal customers. They offer evening specials. This particular business has 5 full & part employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $18,200. The business has an assignable commercial lease which expires 2019 plus additional options, with a monthly rent of $4,333, cost per square foot is $25.99 all in and rent security $12,000. The price has been aggressively set at $99,000 based on a multiple of the net yearly income and the value of the specific business assets. 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 does Not represent this particular business opportunity.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

This wonderful profitable business opportunity is located in Northern New Jersey, Morris County, which consists of various highly populated affluent communities with continued demand for this particular industry. This facility which consist of 2,000 square feet has an attractive modern appearance. This restaurant business is in a mid-size commercial mall with various other active and successful businesses.

Market Competition and Expansion:

To the best of our knowledge due to various circumstances, 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 a limited marketing plan, basic web site and if improved can further develop the business bottom line net income.

Reason for Selling:

The owner is relocating into an alternative family.

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.

Documents:

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!