Casual Italian Restaurant

Bergen County, NJ

Seller Financing Available

listing image
Asking Price:$169,900
Gross Revenue:$771,366
Rent:$3,700/Month
Established Year:2000
Cash Flow:$110,000
Inventory:$1,000
FF&E:$85,000
BUSINESS DESCRIPTION

Owner financing, modest down payment, Priced for a quick sale with this wonderful business opportunity locally operated BYOB restaurant serving traditional Italian cuisine with a casual vibe. The business opportunity has a substantial gross income and a consistent net yearly income to the owner operator. Wonderful investment with a solid return on investment and priced for a quick sale with substantial owner financing. Their objective is to provide first class service and fresh high-quality cuisine with an Italian flair to the customers they service. Their menu features an extensive selection with a variety of fresh innovative entrees, and homemade desserts. This is a profitable safe business opportunity and based on the moderate asking price, and yearly net income, this business expects to supply a consistent return on investment to the owner operator. The most recent twelve-month gross sales are $771,366 plus discretionary income and the net income is estimated at a minimum of $110,000 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2023 income is expected to be greater than the previous year and formal due diligence is recommended by broker. The business was priced at $175,000 which is based on the gross income and consideration of the particular business assets. Also, seller financing is available to a qualified buyer with an appropriate down payment, collateral, and credit rating. Please do not disturb business, this sale is confidential, the employees are unaware of the pending sale, all viewings are by appointment only and any photo, unless otherwise stated, does not represent this particular business opportunity. Perspective buyers are required to execute a Non Circumvention Agreement.


DETAILED INFORMATION
Location
Bergen County, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,650
Lease Expiration
01/01/2030
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This business opportunity is in northern New Jersey, Bergen County on a convenient active county road. This business facility consists of approximately 1,650 square feet with an attractive, old-world appearance. The business is located on a commercial avenue with numerous other retail businesses. Legal capacity of ninety customers.
Competition
Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth & Expansion
Regarding growth and expansion, the restaurant can be further developed with a delivery service, catering, and in-house private parties. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business and yearly gross sales.
Financing
Also, seller financing is available to a qualified buyer with an appropriate down pay
Support & Training
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
Reason for Selling
The purpose of this business transaction is due to the owner alternative noncomp
Report an Issue with this listing
profile-img
Ron
Cervelli
logo-img
Ron Cervelli