Traditional, Classic, Italian Resto Bar

Bergen County, NJ

Traditional, Classic, Italian Resto Bar
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Asking Price: Get Financing: $245,000

Cash Flow: $120,000

Gross Revenue: $600,000

EBITDA: N/A

FF&E: N/A

Inventory: $40,000*

Established: 2013

*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:
4 F/T 4 P/T
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.
Reason for Selling:
Father-Son team; Son wants to get married; Father wants out.
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Contact the Seller

(from currently available funds)
 
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Howard Goldberg

Business Listed By:
Howard Goldberg

Executive Business Brokers

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Sponsoring Broker:
Larry Bodner


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