Italian Restaurant
Somerset County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $350,000 |
$562,000 |
$263,500 |
Business Summary:
Very motivated Seller. Upscale BYOB, Northern Italian restaurant located in of one the USA’s most affluent communities. Median household income over $124K. 50 spots plus 90 seats outdoor patio. 20 spots and 30 seats upstairs, party rooms optional, and 2 upstairs restrooms. Furniture, fixtures, and equipment valued at over $90K. New heater and boiler recently installed at a cost of $27K. On-premises parking for over 115 vehicles. Seller is the property owner and is offering a generous long term lease. He is also willing to stay on as long as necessary to assure smooth transition. Strictly confidential. Option: $550,000 cash. No rent for 7 years, after 7 years $6,500 per month for as long as the buyer wants. Contact Bill Friedman at 973-270-4375 for complete details
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| Year
Business was Established: 75 |
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| Number of Employees:
10 |
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| Owner
willing to train:
As long as necessary for a smooth transition |
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| Reason for selling:
Retiring |
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| REQUEST MORE INFO |
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