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Business for Sale Summary

High End Italian Restaurant - 26364

Business Type: restaurant/ cafes,new to market,pizza parlour
High End Italian Restaurant
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This business has received 28 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $225,000 Down Payment $180,000
Gross Revenues $370,000 Lease Remaining Register Free to View
Owner’s Cash Flow $60,000 Number of FT Employees Register Free to View

Financing

$180,000 Down and Two Yrs at 8%

Business Description

Longstanding Italian specialties restaurant with strong pizza business for sale in a great Bergen County town. GREAT POTENTIAL FOR EXPANSION TO BREAKFAST SERVICE. THERE IS NO COMPETITION FOR BREAKFAST. Grosses $7K to $8K per week with monthly rent of $3,800. Draws customers from surrounding towns. Weekly specials promoted to 800 customers by e-mail. Marketing programs in place with potential for expansion. Well balanced business with pizza 45 per cent of sales and all other menu items 55%. Take out, delivery and catering business well established at 65 per cent of total sales, and dine in business representing 35 percent of total sales. Seats 50 customers in warm and inviting dining area. Premises include full basement. Major equipment includes Attias pizza oven with 12 pie capacity, 12 burner stove, 2 walk in boxes, 80 quart mixer and POS system. SELLER FINANCING AVAILABLE TO A QUALIFIED BUYER WITH 60 PER CENT DOWN PAYMENT If you have food service experience and the ambition to build a larger business from a loyal clientele established over 19 years, then the owner wants to talk with you. Serious inquiries only. Make your inquiry without delay!

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.

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.