NOT DISCLOSED, New Jersey
| Asking Price |
$3,199,000 |
Year Established |
2007 |
|
| Annual Revenue |
$2,750,000 |
Reason for Selling |
Owner Retiring. |
|
| Annual P/L |
$0 |
Attention |
Maureen Murray |
|
| Annual Cash Flow |
$509,140 |
Listing Number |
1018833 |
|
| # of Employees |
30 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
Well established Italian bar/restaurant with real estate for sale in South Jersey. Features two distinct dining settings: a more upscale dining room with a bar, and a separate casual dining area with a pizzeria and sports bar. Outdoor seating and a covered patio complement an extensive menu and wine list. The three dining rooms with indoor/outdoor seating options can accommodate up to 370 patrons. The business's revenue is split between sports bar and casual dining at 80% and formal dining at 20%. Seller willing to assist new owner during the transition period.
Property Features and Assets:
<p>12,000 square foot building sitting on 1.95 acres with seating for 370 and ample parking. <br></p>
Market Competition and Expansion:
<p>New owner could increase revenue with advertising, marketing and social media exposure. <br></p>
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity