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Upscale Italian Restaurant
Passaic County, NJ |
Listing #7219 |
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| Financial Information (non-confidential) |
| Asking Price |
$295,000.00 |
Gross Revenues |
$661,600.00 |
| Down Payment |
$250,000.00 |
Owner’s Cash Flow |
$170,088.00 |
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Financing: $250,000.00 Down and $45,000 over 36 months for 6%
Reason for Selling:Other business interests.
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).
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Vested Corporate
Senior Business Broker
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Servicing Area:
This Broker is Servicing All of States
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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. |
1(877) 735-5224 | 24 Woodbine Ave, Suite #204 Northport, NY 11768 | vestedbb.com |
