A High-Volume, Full-service Italian Restaurant and Bar for sale.
Business Description
Established in 2019, this high-volume, full-service Italian restaurant and bar represents an exceptional opportunity in an affluent New Jersey market with average household income exceeding $300,000. Operating successfully for 6+ years, the business has achieved remarkable financial performance with $6.0M in annual revenue and $2.0M EBITDA, delivering an impressive 33.3% EBITDA margin.
The restaurant features classic Italian cuisine with an extensive menu of appetizers and entrees, serving customers through multiple revenue streams including dine-in, bar service, takeout/delivery, and catering. The establishment boasts 120 indoor seats plus 50 additional outdoor seats available April through October, providing ample capacity for growth.
A key differentiator is the rare on-premise liquor license - one of only a limited number issued in the municipality and currently the only active license. This structural advantage has driven significant revenue and margin improvements since acquisition.
The business operates in an area with minimal local competition, benefiting from its prime location and exclusive licensing position. Current management from front-of-house to kitchen staff are committed to staying with new ownership, ensuring operational continuity.
Significant growth opportunities exist with zero current marketing spend, presenting immediate bottom-line impact potential. Extended operating hours beyond the current 10pm closing, aggressive pursuit of catering and private events, and seasonal optimization of outdoor seating represent untapped revenue levers. The restaurant currently handles event inquiries passively rather than actively marketing these services.
The founder is retiring after building this successful operation, creating an opportunity for new ownership to capitalize on the established customer base, proven financial performance, and substantial growth potential. With a long-term lease providing below-market occupancy costs and tenured management remaining post-close, this turnkey operation offers both stability and expansion opportunities in a protected market position.
The restaurant features classic Italian cuisine with an extensive menu of appetizers and entrees, serving customers through multiple revenue streams including dine-in, bar service, takeout/delivery, and catering. The establishment boasts 120 indoor seats plus 50 additional outdoor seats available April through October, providing ample capacity for growth.
A key differentiator is the rare on-premise liquor license - one of only a limited number issued in the municipality and currently the only active license. This structural advantage has driven significant revenue and margin improvements since acquisition.
The business operates in an area with minimal local competition, benefiting from its prime location and exclusive licensing position. Current management from front-of-house to kitchen staff are committed to staying with new ownership, ensuring operational continuity.
Significant growth opportunities exist with zero current marketing spend, presenting immediate bottom-line impact potential. Extended operating hours beyond the current 10pm closing, aggressive pursuit of catering and private events, and seasonal optimization of outdoor seating represent untapped revenue levers. The restaurant currently handles event inquiries passively rather than actively marketing these services.
The founder is retiring after building this successful operation, creating an opportunity for new ownership to capitalize on the established customer base, proven financial performance, and substantial growth potential. With a long-term lease providing below-market occupancy costs and tenured management remaining post-close, this turnkey operation offers both stability and expansion opportunities in a protected market position.
About the Business
- Years in Operation
- 7
- Facilities & Assets
- The restaurant and attached bar as well as 50 additional outdoor seats is housed in a 20,000 sq foot space located in a retail plaza with ample parking and easy access by a major highway.
- Market Outlook / Competition
- The restaurant is located an affluent area with little local competition.
One of the few liquor licenses in the county is included in the sale. - Opportunities for Growth
- There is currently a zero ad spend so a marketing/social media campaign would add to the bottom line immediately.
The restaurant and bar close at 10pm. extended hours, promotions (happy hour, late night menu) are all untapped levers.
Current management has not marketed the space for private events or catering addressing requests as they come in rather than aggressively seeking these opportunities. With limited event space in the area, this is another untapped lever.
The April to October season for the outdoor seating is currently under-utilized for events.
Real Estate
- Owned or Leased
- Leased
About the Sale
- Seller Motivation
- The founder wishes to retire.
- Transition Support
- Existing management from front of the house to kitchen staff are willing to stay on with a new ownership group.
Listing Info
- ID
- 2523613
- Listing Views
Attached DocumentsAttachment Disclaimer
Listing ID: 2523613 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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