Upscale Italian Restaurant & Bar in a Great Location

Asking Price$2,500,000

Cash Flow
$382,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,116,000

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$3,400,000
Not included in asking price
Italian Restaurant & BarSave

Upscale Italian Restaurant & Bar in a Great Location


Asking Price$2,500,000

Cash Flow
$382,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,116,000

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$3,400,000
Not included in asking price
Business Description
This is an upscale family owned Italian restaurant and bar with a valuable liquor license and owned property for sale. It was established 56 years ago and has remained in the family ever since. Recently, it has been totally renovated to provide a unique and memorable experience for its customers. Each day, the owner is present in order to ensure that every entrée is prepared to its impeccable standards. In 2019 this restaurant was voted best in county

The restaurant has 3 levels with 5,700 square feet of dining space, 3 bars and seating for 258 people including the bar seats. The bar has just opened and business is increasing dramatically each day. A personalized event can be enjoyed in the lower level banquet space. Large parties of over 75 people can be accommodated. It has a large parking lot. In addition, the renovated property is for sale. It includes separate rental income units.

The owner believes that customer service as well as fresh products are the key ingredients to being successful. Customers are treated like family. This restaurant’s mission is to make memories for customers in the presence of family, good friends, and great food.

What sets this business apart from others is: It has the only active liquor license in town. It offers a unique memorable experience. There are no similar restaurants in town or in the surrounding area. As a result, this restaurant has been extremely successful and experienced tremendous growth over a short period of time. This business is well positioned for further expansion

A savvy new buyer will be able to increase this growth by taking its successful business model and applying it to its own business plan. The ideal buyer will be an individual or group who has experience in the restaurant industry and recognizes the potential of this unique business.
About the Business
Years in Operation
60
Facilities & Assets
5,700 sq. ft. facility, avaiilable for lease or purchase
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
5,700
About the Sale
Seller Motivation
Other Business Interests
Transition Support
Seller will negotiate a transition period
Listing Info
ID
1875726
Listing Views
935

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Business Listed by: Jack Armstrong Sunbelt Business Brokers of NJ

Listing ID: 1875726 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.