Broker Name:Ronald Cervelli
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Attractive Restaurant Cafe
(Food & Beverage , Restaurants)
Morris County , NJ
Listed Price: $ 99,000
Listing ID: REST678

Listing DetailsGross Revenue: $ 458,000
Cash Flow: $ 105,000
FFE: $ 145,000 (Included in Price)
Reason for Sale:

The owner is relocating into an alternative family business opportunity.

Training & Support:

The owner will remain post-closing for 30 days in order to supply an appropriate transitional period to the new operator.

OperationsYear Established: 2009
Non-owner Payroll: $ 18,200
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 12000
Monthly Rent: $ 4,333
Square Footage: 2000

This wonderful profitable business opportunity is located in Northern New Jersey, Morris County, which consists of various highly populated affluent communities with continued demand for this particular industry. This facility which consist of 2,000 square feet has an attractive modern appearance. This restaurant business is in a mid-size commercial mall with various other active and successful businesses.

SummaryBusiness Description:

Unusual business opportunity for this very attractive ultra-modern Italian restaurant café located on a highly active state highway in Morris County, New Jersey. The sale offers owner financing and full training for the purchaser. At this highly popular restaurant they pride themselves on using the freshest ingredients combined with culinary creativity to provide you with an authentic Italian cuisine experience. They continually feature house specialty items to their loyal customers. They offer evening specials. This particular business has 5 full & part employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $18,200. The business has an assignable commercial lease which expires 2019 plus additional options, with a monthly rent of $4,333, cost per square foot is $25.99 all in and rent security $12,000. The price has been aggressively set at $99,000 based on a multiple of the net yearly income and the value of the specific business assets. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity. This is a dependable business opportunity.


To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.

Potential Growth:

The business presently has a limited marketing plan, basic web site and if improved can further develop the business bottom line net income.