Upscale Italian Restaurant - 7219 Business Type: delicatessen/catering services,restaurant/ cafes/ diners,other eating & drinking places
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $295,000 | Down Payment | $250,000 |
| Gross Revenues | $661,600 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $170,088 | Number of FT Employees | Register Free to View |
Financing
$250,000 Down and $45,000 over 36 months for 6%
Business Description
Upscale Italian BYOB restaurant located in mall on highway in wealthy north Jersey area. Operating over 15 years (current owner 4 years). Has 110 seats. Diverse menu, steady clientele, good staff. Does not have delivery- big opportunity. Lots of catering, private parties, showers, etc. Does very little advertising at this time. Mall traffic accounts for most business. Very popular eating spot near other good businesses. Owner wants a change of life. Restaurant does very well. Good mall management (will give new lease or keep existing).
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.
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