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Italian Restaurant

Morris Plains, NJ

Seller Financing Available

Asking Price:$360,000
Gross Revenue:$750,000
Rent:$6,837/Month
Cash Flow:$140,000
Inventory:$10,000
Established Year:2005
Listing ID: 2266603Listing provided by BizBuySell
BUSINESS DESCRIPTION

(ONLY $50K Down)

Very well-known BYOB Italian restaurant in Morris County, great reputation for over 20 years.
Beautiful ambiance and outstanding food quality.
Short hours (4-9 PM) running Semi-absentee in the most efficient way.
very talented and loyal staff.
80 seats inside, and 20 outside
Solid 4.5-5 star reviews for dine-in and catering,

Plenty of room for growth with hands-on owner, who can re-open lunch, and manage on and off-premises catering.

$750k in revenue with $140 net cash flow

Asking $360K with up to 80% finance for qualified buyers

DETAILED INFORMATION
Location
Morris Plains, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,500
Employees
5
Competition
Plenty of room for growth with advertising (as of now there isn't any). Hands-on owner, who can re-open lunch & attract more on and off-premises catering.
Financing
Long-term financing with ONLY $50K down for qualified buyers.
Support & Training
Siller will provide 2 weeks of training and up to 3 moths of support to new owner.
Reason for Selling
Other businesses growth, that requires seller's full attention.
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Joseph B
Joseph B