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Business for Sale

Est. Italian Restaurant for Sale in New Jersey
Hudson County, NJ

Listing #37343

   
Financial Information (non-confidential)
Asking Price $1,200,000.00 Gross Revenues $1,727,697.00
Down Payment $600,000.00 Owner’s Cash Flow $400,000.00

Financing: $600,000.00 Down and $600,000 for 48 months @ 6%

Reason for Selling:Retirement

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.

In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.

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.
Vincent Leone
Senior Business Broker
201-341-6291
vleone@vestedbb.com
Servicing Area:
All of NJ
Vincent Leone

Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.

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