Italian Restaurant In Great Neighborhood
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $350000
Net Profit / Cash Flow $50000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1970
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training Owner willing to provide reasonable training terms.
Reason for Sale Owner is retiring after more than 40 years in the restaurant business.
Description WOW! Huge Price Drop! Old Price $140k - New Price $60k!! Now You Can Own A Great Restaurant In A Great Neighborhood For Just $60k! Great neighborhood (Ironbound district of Newark) Restaurant row. Italian restaurant that is ready for your personal touch. Great neighborhood Italian restaurant for sale that is ready for your personal touch. Well established location after 40 years. Excellent visibility at busy intersection. Close to the big NJ attractions, Prudential Center, PAC Center, etc. Perfect for a chef owner. Priced far less than what it cost to build out a restaurant like this with the same equipment package. Bring all offers!
1,200 sq. ft. plus basement with prep area and storage. Italian decor. 40 seats. $2,200 per month includes water and taxes. New owner can get new lease (10 years). Restaurant is located in a great neighborhood area. Just off the corner of busy intersection with fantastic visibility. Within a few miles of Prudential Center, PAC Center, etc. Bring your own concept or improve on this one with your own touch. Catering, promotions, etc. can increase sales. Owner is willing to listen to all offers including those that involve owner financing.
Click Here To Contact Seller
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