Well known and Established Italian Restaurant
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I sold this building and business to the current owners 20 years ago for $1,500,000. The owner had no restaurant experience and spent an exorbitant amount of money restoring the building to it's original construction back in the 1700's. Current owners have operated it since then and have generated gross sales of close to $2,000,000. for the past 10 years. Building consists of basement, 1st and 2nd floors
1st floor offers a bar and ala cart seating for 50 +- there is one section that can be used for private parties
1st floor offers a bar and ala cart seating for 50 +- there is one section that can be used for private parties
About the Business
- Years in Operation
- 41
- Facilities & Assets
- The restaurant is located on a 1 acre lot offering ample parking with additional parking available off site . The building was restored to it's original construction back in the 1700's by the previous owner. The building is" not "classified as a historical landmark . The basement is used for storage and there is an elevator that is used to bring food and supplies to the 1st and 2nd floor. There is a park like area used for outside dining as well for summer ,fall and spring dining .
- Market Outlook / Competition
- ala cart dining for local restaurants is the it's primary source of revenue . Private parties for individuals as well as corporate functions gives the restaurant a steady revenue stream. It is the only restaurant that has a liquor license in the immediate area. The customer base is middle to upper income and there are several large commercial buildings that are existing, as well as new ones that are coming to the area. Location is within 5 miles of the New Jersey Turnpike .
- Opportunities for Growth
- Good food and good service is the key to bringing in new customers. Expanding the size of the property is a possibility.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 3,000
About the Sale
- Transition Support
- One of the owners will stay and train for a reasonable and agreed upon period of time .
Listing Info
- ID
- 2493153
- Listing Views
- 9
Listing ID: 2493153 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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