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Italian Restaurant-33189 for sale in Atlantic County, NJ

Atlantic County, New Jersey (NJ)

Asking Price: Gross: Cash Flow:
$ 425,000 $ 1,200,000 $ 156,000

Business Summary:
Fantastic Italian Restaurant - Run Absentee. Located in a densely-populated area of Atlantic County, this business offers 2,500 sq. ft. and over 40 parking spaces. They have a simple menu and offer eat-in, take-out and delivery. They also have a special brick-oven for pizza as well as traditional pizza ovens. There are 7 years left on the current lease with a rent of $6,370 per month. In the past year, the business grossed approx. $1,200,000.00 with a net cash flow of approx. $156,000.00 (with an absentee owner). There are 2 owners of the business. Only one partner operates the business roughly 3 hours per week. There is a full staff in place with managers. There is upside for an owner operator to reduce payroll and expand the current offerings. A liquor license would be a great addition. The business is currently BYOB. We are seeking a serious and financially qualified buyer with at least $275K in liquid funds to cover the down payment. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!Attention Business Owners:We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33189 for instant access to this business information.

 

   
Year Business was Established: 2012
   
Number of Employees: 6FT/14PT  
   
Owner willing to finance: 275,000.00 Down & $150K over 5 yrs. @ 6%.  
   
Owner willing to train: Seller will train  
   
Reason for selling: Divesting  
   
Seller Reference Number: 33189
BusinessMart.com Listing Number: 254784
 

 

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