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Italian Restaurant In Atlantic County For Sale

Atlantic County, New Jersey, US
Asking Price:
$425,000 (USD)
Sales Revenue:
$1,200,000 (USD)
Cash Flow:
$156,000 (USD)

Italian Restaurant In Nj-33189

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!

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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.

Business Operation

Reasons for selling:

Divesting

Employees:
6FT/14PT
Years established:
2012

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

275,000.00 Down & $150K over 5 yrs. @ 6%.

Furniture / Fixtures value:
$150,000 (USD)
Inventory / Stock value:
$4,000 (USD)

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