Traditional, Classic, Italian Resto Bar

Bergen County, NJ

Seller Financing Available
Traditional, Classic, Italian Resto Bar

Asking Price:$325,000

Cash Flow:$176,000

Gross Revenue:$639,000

EBITDA:N/A

FF&E:$150,000

Inventory:$40,000*

Established:5

*not included in asking price.

Traditional, Classic, Italian Resto Bar

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Business Description

Traditional, classic Italian menu where consistency is always attained. Set in safe area close to Park Way & RT 46. Business evenly divided between lunch & dinner (25% cash). Lunch Patrons are area Professionals/Executives. Evening trade is a mixture of connoisseur, couples, groups & wannabes. Bar seats 8, dining room 80 (good wine spot). Can hold private parties of 50 w/ ample room for ala carte dinning. Food 80%; Bar 20% of business. Interior is attractive w/ separation between 2 dining rooms. Excellent service will take orders for specialty off menu items. Should open Sunday may increase revenues 30% & profits over 20%. Italian Restaurants are noted for Sunday functions. C license valued offered $50,000. As for value in purchase in the restaurant industry/business this place would be close to the top.

Detailed Information

Inventory:
Not included in asking price
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Comfortable facility with 18 car parking spaces. Good 15 year + lease. Everything is in good working order. Converted from Pizzeria 1 ½ years after. 80 plus bar with 2 separate dinning/occasion rooms.
Competition:
There are several Italian Bar Restaurants in area. This spot has picked up a good following and continues to increase.
Growth & Expansion:
: Open Sunday Italian Restaurants are noted for Sunday dinner occasions. Communion, Confirmation, Birthday, Engagement parties can increase volume by 30% and net over 20%.
Financing:
Owner would finance more than 50% 170k to strong buyer to good buyer 5 years
Support & Training:
2 weeks
Reason for Selling:
Father-Son team; Son wants to get married; Father wants out.

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Vito Mastromonaco

Business Listed By:
Vito Mastromonaco

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