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Listed by:

Executive Business Brokers

Italian Restaurant In Somerset County For Sale

Somerset County, New Jersey, US
Asking Price:
$350,000 (USD)
Sales Revenue:
$562,000 (USD)
Cash Flow:
$263,500 (USD)

Very motivated Seller. Upscale BYOB, Northern Italian restaurant located in of one the USA’s most affluent communities. Median household income over $124K. 50 spots plus 90 seats outdoor patio. 20 spots and 30 seats upstairs, party rooms optional, and 2 upstairs restrooms. Furniture, fixtures, and equipment valued at over $90K. New heater and boiler recently installed at a cost of $27K. On-premises parking for over 115 vehicles. Seller is the property owner and is offering a generous long term lease. He is also willing to stay on as long as necessary to assure smooth transition. Strictly confidential. Option: $550,000 cash. No rent for 7 years, after 7 years $6,500 per month for as long as the buyer wants. Contact Bill Friedman at for complete details

Business Operation

Reasons for selling:

Retiring

Trading hours:

Noon-2:30pm, 5pm-9:30pm, 7 days

Employees:
10
Years established:
75

Other Information

Support & training:

As long as necessary for a smooth transition

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