Profitable Italian Restaurant & Bar doing $2.0 Mil a Year in NJ

Asking Price$699,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,000,000

Inventory$75,000
Not included in asking price
FF&E$25,000
Included in asking price
Real EstateNot Disclosed

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Profitable Italian Restaurant & Bar doing $2.0 Mil a Year in NJ


Asking Price$699,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,000,000

Inventory$75,000
Not included in asking price
FF&E$25,000
Included in asking price
Real EstateNot Disclosed

Business Description
( Profitable main street business with growth potential!)
Profitable Italian Restaurant and Bar is located in a busy town within Middlesex County, NJ. This is a profitable business that has been there for past two decades, serving specialties that include: Asian calamari, Shrimp tacos, Roasted peppers,Burrata, Naked wings and Smoked mozzarella sticks. Entrees that include: Chicken parmigiana,Chicken francese,Chicken santimbocca,Chicken abruzzi,Lamb Shank, Tuscan salmon, Pan Seared salmon & Pair fillet mignon and more. Cafe and bar serves choice of wines, cocktails, martinis, draft beer and many more all day long. All the food is made using highest quality and freshest ingredients by an Italian award winning Chef. This location is famous for its dine-in and catering. Highly profitable business doing more than $2,000.000 a year,i,e $40 k to $42k a week with Net cashflow of $380,000 a year. Current owners are planning to retire after 25 years in business and willing to sell the business and the real estate.( Real Estate is sold by the owners at the appraised value of $1.5 million). As per the seller prospective buyers would have to buy the business and the real estate together. PLEASE NOTE: In order to show the location, potential buyers will sign NDA with Photo ID and valid P.O.F. No co-brokering, please
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
21
Employees
10 (6 Full-time, 4 Part-time)
Facilities & Assets
Assets include fully equipped kitchen with oven, freezer, hood, grill and all furnitures, fixtures and pos system
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
Planning to Retire
Transition Support
Seller will provide complete training and support to the qualified purchaser
Listing Info
ID
2481008
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Business Listed by: Sanjay Gupta Tedd Min LLC

Listing ID: 2481008 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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