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Business for Sale Summary

Profitable Italian Restaurant - 26565

Business Type: other eating & drinking places,restaurant/ cafes,business with property available
Profitable Italian Restaurant
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Financial Information (non-confidential)

General Information
Asking Price $260,000 Down Payment $182,000
Gross Revenues $459,420 Lease Remaining Register Free to View
Owner’s Cash Flow $113,258 Number of FT Employees Register Free to View

Financing

$182,000 Down and TBD

Business Description

Profitable Italian Restaurant with good cash flow in Morris County with repeat and growing customer base. Owner would prefer to sell business with land and building. Building has rent able 3 bedroom apartment on second floor that provides him additional monthly income. Land and building estimated appraised value is $650,000. Seller wants to move to Arizona to be with family. Average weekly sales are $9,500, seating of 65 and on-premise parking of 35-40. Restaurant building and equipment are in excellent condition.

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.