NOT DISCLOSED, New Jersey
| Asking Price |
$1,600,000 |
Year Established |
1989 |
|
| Annual Revenue |
$1,245,430 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
Elliot Dweck |
|
| Annual Cash Flow |
$544,007 |
Listing Number |
1009518 |
|
| # of Employees |
14 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
This Italian restaurant is a landmark in the community, where it has operated for over 37 years! It has a Pizza/Takeout area in addition to the full-service restaurant, which seats 140 indoors and 40 outdoors, with a separate party room that is rented out for special occasions. The current owners opened the restaurant in 1989 and then expanded into the current location in 2008. They are now looking to retire and are leaving behind a fully functioning staff with management in place. The two owners each spend two/three days a week at the restaurant supervising, but all day-to-day functions are handled by the managers who will be staying on with the new owner. With sales consistently over 100k/month and profits of over 40k/month, this one is a no brainer! The business is approved for SBA financing with a down payment of 340k based on the current revenue and cash flow. The new owner would make back their investment in less than 15 months!
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity