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Business for Sale Summary

Est. Italian Restaurant for Sale in New Jersey - 37343

Business Type: catering and event planning,entertainment,other eating & drinking places,other food stores,owner financing available,restaurant/ cafes/ diners
Owner Financing
Est. Italian Restaurant for Sale in New Jersey
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Financial Information (non-confidential)

General Information
Asking Price $1,200,000 Down Payment $600,000
Gross Revenues $1,727,697 Lease Remaining Register Free to View
Owner’s Cash Flow $400,000 Number of FT Employees Register Free to View

Financing

$600,000 Down and $600,000 for 48 months @ 6%

Business Description

This well-established Italian restaurant and banquet facility has been successfully operating for 27 years and features two spacious banquet rooms with combined seating for approximately 400 guests. The business is ideally suited for weddings, corporate events, communions, catering, and other private functions, with event bookings continuing to increase as a result of enhanced digital marketing efforts. Owner financing is available, and the liquor license is included in the rent, providing additional value and operational ease. The operation is supported by approximately 20–30 staff members, and the owner/chef is willing to remain on for at least two years to ensure a smooth transition. In addition to reported revenues, there is approximately $100,000 in additional cash income, verifiable through receipts during due diligence for qualified buyers. For more information, interested parties should contact the broker, Vincent Leone, at 201-341-6291.

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