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Landmark,Popular Italian Restaurant and Bar

Bergen County, NJ

Seller Financing Available
Landmark Italian Restaurant and Bar
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Asking Price: $899,900

Cash Flow: N/A

Gross Revenue: $2,000,000

EBITDA: N/A

FF&E: N/A

Inventory: $50,000*

Established: 2009

*not included in asking price.

Landmark,Popular Italian Restaurant and Bar

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Business Description

Local traditional Italian restaurant and bar. Prime location and well- known restaurant site. Long reputation for serving locals,regulars, newcomers and families.
The deliciously prepared meals and generous portions bring the customers back for more.
The casual bar seats 18 and is a popular spot. The beautiful dining room seats 160 guests. There is a Party Room that seats 100 guests and offers a great opportunity for private parties and catered events.
They are open 7 days a week for lunch and dinners.
The fine dining atmosphere, white table cloth setting and excellent service, has built this fine reputation and 2 million dollar and growing business!

Detailed Information

Location:
Bergen County, NJ
Inventory:
Not included in asking price
Employees:
24
Facilities:
Beautiful free-standing building,center of town,on a very busy street has been a local attraction for a generation! There is a beautiful cozy bar, with 18 seats and a very large dining room with seating for 160 guests. A Party Room for private catered events is a real money maker. It seats 100 guests. There is a convenient parking lot with 34 spaces and plenty of street parking available. It is a large and spacious 5918 square feet. The rent is $8,000 a month and includes the taxes! The liquor license is included.
Competition:
This restaurant has been a landmark restaurant site. It's popularity and reputation has been shared for a generation. This is a long established,traditional Italian restaurant and bar that has been serving the local community and surrounding cities with the finest traditional Italian foods. There isn't any competition when it comes to restaurants, this place captures it all!
Growth & Expansion:
Growing this business to an even bigger gold mine, can be accomplished with a new owner operator. It is currently being run as an absentee owner. The new owner can bring new ideas and direction to this already,million dollar restaurant!
Financing:
1/2 Down/Qualified Buyer
Support & Training:
Two Weeks.
Reason for Selling:
Other Interests
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(from currently available funds)
 
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Bart D. Natoli

Business Listed By:
Bart Natoli

ReMax Properties Plus

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