Traditional, Classic, Italian Resto Bar
Bergen County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $245,000 |
$600,000 |
$120,000 |
Inventory Value:
$40,000 ( not included in the asking price)
Business Summary:
Traditional, classic Italian menu where consistency is always attained. Set in safe area close to Park Way & RT 46. Business evenly divided between lunch & dinner (25% cash). Lunch Patrons are area Professionals/Executives. Evening trade is a mixture of connoisseur, couples, groups & wannabes. Bar seats 8, dining room 80 (good wine spot). Can hold private parties of 50 w/ ample room for ala carte dinning. Food 80%; Bar 20% of business. Interior is attractive w/ separation between 2 dining rooms. Excellent service will take orders for specialty off menu items. Should open Sunday may increase revenues 30% & profits over 20%. Italian Restaurants are noted for Sunday functions. C license valued offered $50,000. As for value in purchase in the restaurant industry/business this place would be close to the top.
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| Year
Business was Established: 5 |
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| Number of Employees:
4 F/T 4 P/T |
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| Facilities / Terms of Lease:
Comfortable facility with 18 car parking spaces. Good 15 year + lease. Everything is in good working order. Converted from Pizzeria 1 ½ years after. 80 plus bar with 2 separate dinning/occasion rooms. |
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| Owner
willing to finance:
2-3 years @ prime |
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| Owner
willing to train:
2 weeks |
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| Reason for selling:
Father-Son team; Son wants to get married; Father wants out |
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| REQUEST MORE INFO |
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