Highly Profitable Italian Restaurant & Bar doing ($2 Mil + Annually)

Asking Price$700,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,000,000

Inventory$75,000
Not included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

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Highly Profitable Italian Restaurant & Bar doing ($2 Mil + Annually)


Asking Price$700,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,000,000

Inventory$75,000
Not included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
( Profitable main street business with growth potential!)
Great opportunity to own a high-volume," Italian Restaurant & Bar" in one of Middlesex County’s most vibrant towns. This Iconic destination combines a sophisticated Italian restaurant with a high-energy full-service bar, boasting a prime location with heavy foot traffic and a loyal locals. Great location known for its quality food, the kitchen utilizes only the freshest ingredients to produce a standout menu. Needless to mention this location serves signature dishes that includes, Braised short ribs, Lamb & Pork shanks, Eggplant, Rollatini, Crabmeat ravioli, Shrimp ravioli, Pan-seared salmon, Chicken parmigiano, Chicken francese and Penne vodka.The full-service bar is a local staple offering an extensive selection of draft beers, fine wines, premium liquors, and a curated list of signature martinis and cocktails. After long years of success, the current owners are retiring and seeking a qualified restaurateur to take the reins of this operation. The sale includes the business, the real estate, and the liquor license. Current weekly sales is $40,000 – $42,000 with a Net Cash Flow of $350,000 plus. The Sellers have the real estate appraised at $1.5M and the Liquor license valued at $275,000. To protect the privacy of the business, a Non-Disclosure Agreement (NDA), Photo ID, and Proof of Funds are required prior to disclosing the location or scheduling a tour.
Cash Cow!!
Do not miss this great opportunity!!
Please call to discuss ........................(732) 896-1037
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We are always in search of quality businesses for our buyers. If you're a business owner thinking of selling your business, please email or contact us : teddminbb@gmail.com, please contact Teddmin@ 1-732-896-1037.
About the Business
Years in Operation
28
Employees
11 (7 Full-time, 4 Part-time)
Facilities & Assets
Assets include fully equipped kitchen with oven, freezer, hood, grill and all furnitures, fixtures and pos system
Website
https://www.bizbuysell.com/brokers/Listings/
Opportunities for Growth
Great growth potential for an experienced restauranteur, Increase by utilizing the advertising media to grow sales. Minimal advertising is done now
About the Sale
Seller Motivation
Retiring after 30 years in business!!
Transition Support
Seller will provide complete training and support to the qualified purchaser
Listing Info
ID
2509917
Listing Views

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Business Listed by: Sanjay Gupta Tedd Min LLC

Listing ID: 2509917 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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