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High-Volume Jersey City Restaurant

Jersey City, NJ
listing image
Asking Price:$850,000
Gross Revenue:$2,074,897
FF&E:$218,000
Cash Flow:$298,998
Rent:$6,472.95/Month
Established Year:2012
Listing ID: 2299211Listing provided by BizBuySell
BUSINESS DESCRIPTION

Prime Location, Great Lease, Liquor License

This highly-rated, high-quality Italian restaurant has built a devoted following in a highly sought-after downtown Jersey City location since 2012. The restaurant is a neighborhood favorite with a steady stream of customers due to its excellent food, central location, and proximity to nearby luxury apartments, businesses, and transit hubs. It features a bar area that seats 10, a dining room with capacity for 50, and outdoor sidewalk dining with capacity for an additional 50 guests. A valuable NJ liquor license is included in the sale.

DETAILED INFORMATION
Location
Jersey City, NJ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,600
Lease Expiration
29/11/2027
Employees
18
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Lease Terms Options: 5-year option to renew until 11/30/2032. Potential for additional 5-year renewal thereafter. Facilities: Well-maintained restaurant equipment, including commercial ranges, pizza ovens, pasta cookers, food prep equipment, refrigerators, freezers, ice machines, commercial storage equipment, commercial exhaust hoods, and fire suppression systems.
Support & Training
Number of Weeks Seller Will Offer Training: 4
Reason for Selling
Retirement
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Fred
Petito
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Fred Petito
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