Business Summary:
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. Great neighborhood Italian restaurant 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!
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| Year
Business was Established: 1970 |
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| Number of Employees:
5FT, 3PT |
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| Facilities / Terms of Lease:
1200 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). |
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| Potential
Growth/Expansion:
Bring your own concept or improve on this one with your own touch. Catering, promotions, etc. can increase sales. |
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| Competition:
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. |
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| Owner
willing to finance:
Owner is willing to listen to all offers including those that involve owner financing. |
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| Owner
willing to train:
Owner willing to provide reasonable training terms. |
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| Reason for selling:
Owner is retiring after more than 40 years in the restaurant business. |
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Seller Reference Number: 1070427
BusinessMart.com Listing Number: 60140 |
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