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This Business has been Sold!
Closing Date: 06/18/2015

Business for Sale Summary

Fine Dining Italian Restaurant - 26527

Business Type: restaurant/ cafes,best deals!,new to market,seller financing available
Sold
Fine Dining Italian Restaurant
On June 18th 2015, The Undersigned
Acted as the Advisor to the Deal
Tom Patterson
Tom Patterson Senior Broker
Servicing: Bergen County NJ, Essex County NJ, Hudson County NJ, Passaic County NJ
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $109,000 Down Payment $75,000
Gross Revenues $350,000 Lease Remaining Register Free to View
Owner’s Cash Flow $70,000 Number of FT Employees Register Free to View

Financing

$75,000 Down and 8% over 12 months

Business Description

Fine dining Italian restaurant business for sale in affluent town. Established 18 years under the same owner. Seats 35 customers inside a tastefully decorated dining room plus outdoor dining. Serving dinners 6 days a week Entrees from $15 to $21. Excellent potential to develop lunch business. 1,000 square feet plus full basement for both storage and food prep. Weekly gross of $7,500 covers low rent of $2,560 in 3 days. 10 year lease. Major equipment includes 12 burner stove, new hood, new dishwasher, new ice machine, espresso machine, walk in box and more. Kitchen fully staffed. Owner operates the business as manager and waiter. Priced to sell quickly at $109,000. SOME SELLER FINANCING AVAILABLE TO AA QUALIFIED BUYER. If you have the desire to grow this successful business, then the owner wants to talk with you. Make your inquiry today!

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.