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Businesses For Sale   >>   Middlesex Businesses For Sale   

Successful Italian Restaurant & Bar

Location  Middlesex County, New Jersey, United States
Asking Price Range  < $250K
Gross Revenues  $546000
Net Profit / Cash Flow  $102000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2007
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased
Training  Yes

Description  
Established and well successful restaurant & bar with a high traffic location. This is a location with a history of success. The facility has a 90 person capacity, full liquor license and offers live entertainment including live music. Restaurant offers catering/private party/function availability on weekends. Sales are strong and consistent which comprises of the bar and food sales. This is a turn-key operation. Great opportunity for a chef/owner. FACILITY: This is a stand-alone building located in a strip mall with a large bar area, kitchen and dining area. There is a full basement and plenty of parking. PARKING: There is plenty of parking available in the strip mall. EQUIPMENT: The equipment is in good condition and has been well maintained and is of good quality. It is all owned. No leases. LEASE TERM: 3.5 remaining with two five (5) year options. BASE RENT: $4,016 per month (includes the triple nets) CONCEPT: Italian cuisine SIZE: 3,500 square feet including downstairs SEATS: Seating for 90 Persons LICENSES: Full Liquor License 1:00 AM SALES: $546,000 per year CASH FLOW: $102,000 per year ASKING PRICE: $249,000 (For the Business) Some Financing Available for Qualified Buyers For More information please contact Corbett Restaurant Group 617-948-3394.


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