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Italian Dining BYOB

Essex County, New Jersey

Asking Price: Gross: Cash Flow:
$329,000 $480,000 $152,626

Inventory Value:
$2,000 (included in the asking price)

Business Summary:
Prime location on major US Highway, located within nationally recognized hotel chain. Hotel customers provide constant built in business. Unbelievably low rent for affluent area, unlimited parking. Private party room is available. Included in purchase is highly sought after NJ State wine license perfect for chef/owner (add $45,000 to the bottom line). Can also be run semi-absentee. For further information, please contact. 908-851-9040 and ask to speak with James Flippin at Ext 265.

 
   
   
Year Business was Established: 1995
   
Number of Employees: 4FT/4PT  
   
Facilities / Terms of Lease: 2,100 square feet dining room and party room included. Ample parking for hotel/restaurant.  
   
Potential Growth/Expansion: $45,000 additional profit for owner/operator chef. Increase catering and party room business.  
   
Competition: Limited. Built in business from Hotel  
   
Owner willing to finance: Prime + 1% for experienced buyer  
   
Owner willing to train: as needed/ negotiable  
   
Reason for selling: Other opportunity  
 

 

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