Upscale Italian Restaurant & Bar, with Real Est...

Southern New Jersey, NJ

Asking Price: Annual Revenue:
$2,500,000 $2,116,000

Miscellaneous: Non-classifiable

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RE: Upscale Italian Restaurant & Bar, with Real Est... Broker: Jack Armstrong
Owner Financing is Available!

Quick Facts

Asking Price: $2,500,000
Annual Revenue: $2,116,000
Net Profit: Not Disclosed
Cash Flow: $382,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1965
Employees: 28
BBN Listing #: 699664681
Broker Reference #: LINDENJ001-48289

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Business Overview:

This is an upscale family owned Italian restaurant and bar with a valuable liquor license and owned property for sale. It was established 56 years ago and has remained in the family ever since. Recently, it has been totally renovated to provide a unique and memorable experience for its customers. Each day, the owner is present in order to ensure that every entr?e is prepared to its impeccable standards. In 2019 this restaurant was voted best in county The restaurant has 3 levels with 5,700 square feet of dining space, 3 bars and seating for 258 people including the bar seats. The bar has just opened and business is increasing dramatically each day. A personalized event can be enjoyed in the lower level banquet space. Large parties of over 75 people can be accommodated. It has a large parking lot. In addition, the renovated property is for sale. It includes separate rental income units. The owner believes that customer service as well as fresh products are the key ingredients to being successful. Customers are treated like family. This restaurant's mission is to make memories for customers in the presence of family, good friends, and great food. What sets this business apart from others is: It has the only active liquor license in town. It offers a unique memorable experience. There are no similar restaurants in town or in the surrounding area. As a result, this restaurant has been extremely successful and experienced tremendous growth over a short period of time. This business is well positioned for further expansion A savvy new buyer will be able to increase this growth by taking its successful business model and applying it to its own business plan. The ideal buyer will be an individual or group who has experience in the restaurant industry and recognizes the potential of this unique business.

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Reason for Selling:

Other Business Interests

Additional Details:

  • The property is owned.
  • The owner is not 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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