Excellent Ratings to Excellent Profits
Bergen County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $250,000 |
$680,000 |
$202,213 |
Furniture and Fixtures Value:
$170,000 (included in the asking price)
Business Summary:
When buying a well know restaurant figures are always placed aside to arrive at the true profit. Figures here do not do justice to the overall profit figure. The profit here would even surprise a well experienced operator. 3 year lease can be turned into 25 if new buyer wants. Simply prepared Italian food with traditional high markup items. Place does 50% cash. 60% sit down. In this 70 plus seating environment. Mall parking 45. This well-conceived place with efficient kitchen can expedite internally at a fast pace with outgoing orders (catering) without a slowdown in service. To come across a value as this and with this places reputation would very hard for any experienced buyer to walk away. Other income is family income is turned over to new buyer. The growth of this well maintained food establishment keeps getting larger; many of the high end Italian entrees have the same concept basic Mediterranean food that is expertly prepared.
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| Year
Business was Established: 5 |
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| Number of Employees:
11 |
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| Facilities / Terms of Lease:
Well-equipped first rate kitchen in mall with parking, new owner can ask for and receive a long term lease from landlord. |
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| Potential
Growth/Expansion:
Advertising and outside catering- constantly picking up |
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| Competition:
When you are this good competition goes by the way side. |
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| Owner
willing to finance:
Owner would finance 50% of sale at $250,000 offer |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Owner from the banking community ready for retirement |
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| REQUEST MORE INFO |
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