Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Italian Restaurant
(Food & Beverage , Restaurants)
Middlesex County , NJ
Listed Price: $ 125,000
Listing ID: REST689

Listing DetailsGross Revenue: $ 400,000
Cash Flow: $ 85,000
FFE: $ 85,000 (Included in Price)
Reason for Sale:

Profitable business opportunity to own this highly successful Italian restaurant with an exciting menu full of popular traditional Italian cuisine representing a high markup and solid profit to the owner operator. The facility consists of two attractive dining rooms which are often used for private catering, with a high seating capacity. The business has an average gross yearly income of $400,000 and a consistent net yearly income to the present owner operator. Their dining rooms offer the perfect setting for a night out of casual & fine dining or private party and whatever the occasion, they will cater to your needs. The business is known for its warm casual setting, courteous friendly staff and hearty food and they pride themselves serving the finest ingredients for their food preparation. This restaurant consist of eight full & part time employees who are unaware of the pending sale and have been at the business for some time. The payroll is based on an hourly scale, and weekly base salaries, the staff is unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $6,800. The business transaction will offer a new commercial lease to expire 2030, plus additional options available, with a monthly rent of $7,500, cost per square foot is estimated at $16.67 and rent security of approximately $7,500. The business has been valued / priced at $125,000 which is based on the seller’s representation of a multiple of the net yearly income which includes the value of the specific business assets. Also, possible seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 1979
Employees: 8
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 7500
Monthly Rent: $ 7,500
Square Footage: 3400
Facilities:

The facility is approximately 3,400 square feet and has a modern attractive image with multiple entrances and a full basement available for preparation and storage. This successful restaurant business is located on an active county road as a free-standing operation with numerous nearby other active retail businesses. This opportunity is in central New Jersey, Middlesex County, which consists of numerous highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Profitable business opportunity to own this highly successful Italian restaurant with an exciting menu full of popular traditional Italian cuisine representing a high markup and solid profit to the owner operator. The facility consists of two attractive dining rooms which are often used for private catering, with a high seating capacity. The business has an average gross yearly income of $400,000 and a consistent net yearly income to the present owner operator. Their dining rooms offer the perfect setting for a night out of casual & fine dining or private party and whatever the occasion, they will cater to your needs. The business is known for its warm casual setting, courteous friendly staff and hearty food and they pride themselves serving the finest ingredients for their food preparation. This restaurant consist of eight full & part time employees who are unaware of the pending sale and have been at the business for some time. The payroll is based on an hourly scale, and weekly base salaries, the staff is unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $6,800. The business transaction will offer a new commercial lease to expire 2030, plus additional options available, with a monthly rent of $7,500, cost per square foot is estimated at $16.67 and rent security of approximately $7,500. The business has been valued / priced at $125,000 which is based on the seller’s representation of a multiple of the net yearly income which includes the value of the specific business assets. Also, possible seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.


Competition:

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


Potential Growth:

The business opportunity can be further expanded by the new operator by improving the existing marketing plan and the required local advertising. Additionally, consumption liquor licenses are available to purchase which can further develop the business yearly gross sales.


Financing/Terms:


May be available with an appropriate down payment.