Italian Restaurant
Bergen County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $695,000 |
$1,060,000 |
$312,680 |
Furniture and Fixtures Value:
$20,000 (included in the asking price)
Business Summary:
Established 30 years ago in Newark by the current owner, this famous BYOB Italian Restaurant followed its customers and moved a few years ago only a couple of miles north of their original location. 2,300 sq. ft. of indoor space as well as outside dining makes this one of the larger restaurants in the area. The landlord is willing to give a Buyer a very generous lease. Located right on the main street in town, it is highly visible. Parking for 20 cars and on the street. You don't see many restaurants like this one. For further information please contact Howard Kupferman Ext. 263.
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| Year
Business was Established: 1981 |
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| Number of Employees:
6 |
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| Facilities / Terms of Lease:
2,300 sq. ft. – parking for 25 cars – 3 year lease, new lease can be negotiated. 30 tables inside and the 10 tables outside. |
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| Potential
Growth/Expansion:
Currently a BYOB – liquor license should add plenty of money |
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| Competition:
Limited |
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| Owner
willing to finance:
5 years at Prime + 2% |
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| Owner
willing to train:
1 month |
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| Reason for selling:
Partnership is dissolving |
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| REQUEST MORE INFO |
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