Italian Restaurant for Sale

Brick, NJ (Ocean County)

Italian Restaurant
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Asking Price: $279,000

Cash Flow: N/A

Gross Revenue: $585,000

EBITDA: N/A

FF&E: N/A

Inventory: $116,532

Rent: $4,084 /Month

Established: 2014

Italian Restaurant for Sale

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Business Description

Turn-key restaurant includes the following
Well known 2870 Sq. Ft. restaurant in Brick
Close to $600,000 in Gross Income in the past year
Loyal Clientele
Outdoor summer seating
Large upside potential
Experienced Staff including chef
28 tables inside and 6 table outside
100+ Seating
Right Across from the Hackensack/ Meriden Medical Center and large office buildings
On Busy Route 88
Restaurant Floor is approx.1700 Sq. Ft.
City Sewer and Water
Security System
Current ownership – 2 years
Has strong event business as well
Traffic counts – Approx. 23,000-25,000 per day

Attached Documents


Detailed Information

Location:
Brick, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,870
Lease Expiration:
12/31/2021
Employees:
13
Facilities:
Turn-key restaurant includes the following Well known 2870 Sq. Ft. restaurant in Brick Outdoor summer seating Experienced Staff including chef 28 tables inside and 6 table outside 100+ Seating Restaurant Floor is approx.1700 Sq. Ft. Security System
Competition:
Wonderful turnkey italian restaurant - fully staffed with experienced chef. Has seating over 100+. Has take-out as well as event business. Large upside potential - potential to expand into next space or make a separate take out. Sold with inventory and equipment. Gross sales over the last year is almost $600,000.
Growth & Expansion:
Across street from Hackensack Meridian Medical center and large office buildings - down the street from Route 70 - on busy road.Sale includes - Business Name; Equipment/Furniture; Goodwill; Inventory; Phone System; Signs; Training by Owner
Financing:
Lease has 5 year option
Support & Training:
Owner is will to stay on and train owner.
Reason for Selling:
The managing partner has had health issues and other partner moved.
Franchise:
This business is an established franchise
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Joan Velardi

Business Listed By:
Joan Velardi

Century 21 Action Plus Realty

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