Profitable Bar & Italian Restaurant doing $41K to $42K a Week In NJ

Asking Price$650,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,000,000

Inventory$100,000
Not included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

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Profitable Bar & Italian Restaurant doing $41K to $42K a Week In NJ


Asking Price$650,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,000,000

Inventory$100,000
Not included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
( Profitable main street business with growth potential!)
Profitable Bar & Italian Restaurant has just come in the market within Middlesex County, NJ. One of the great locations in the town serving Shrimp, Calamari, Tacos, Pizza, Wings, Mozzarella sticks, Chicken parmigiana, Chicken francese,Chicken abruzzi,Lamb Shank, Pan Seared salmon and more.Great Bar that serves liquor, wines, cocktails, martinis, draft beer all day long.All the food is made using highest quality,freshest ingredients.This location is famous for its dine-in and catering. Current sale is $41,000 to $42,000 a week , i,e $2,000.000 a year,with Net cashflow of $350,000 a year. Current owners are planning to retire and willing to sell the business and the real estate.( Real estate is appraised at the market value of $1.5 million and the Liquor License in the area is valued at $275,000). Sellers are willing to negotiate the price for a qualified buyer with Proof of Funds.( Prospective buyers would have to buy business and the real estate together. PLEASE NOTE: In order to show the location, potential buyers will sign NDA with Photo ID and valid P.O.F. No co-brokering, please
Cash Cow!!
Do not miss this great opportunity!!
Please call to discuss ........................(732) 896-1037
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We are always in search of quality businesses for our buyers. If you're a business owner thinking of selling your business, please email or contact us : teddminbb@gmail.com, please contact Teddmin@ 1-732-896-1037.
About the Business
Years in Operation
26
Employees
11 (7 Full-time, 4 Part-time)
Facilities & Assets
Assets include fully equipped kitchen with oven, freezer, hood, grill and all furnitures, fixtures and pos system
Website
https://www.bizbuysell.com/brokers/Listings/
Opportunities for Growth
Great growth potential for an experienced restauranteur, Increase by utilizing the advertising media to grow sales. Minimal advertising is done now
About the Sale
Seller Motivation
Planning to Retire
Transition Support
Seller will provide complete training and support to the qualified purchaser
Listing Info
ID
2490255
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Business Listed by: Sanjay Gupta Tedd Min LLC

Listing ID: 2490255 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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