Upscale Italian Restaurant & Bar, with Real Estate Available

New Jersey
Asking Price: $2,500,000
Business For Sale Details
Listed on Jul 8, 2022

This is an upscale family owned Italian restaurant and bar with a valuable liquor license and owned property for sale. It was established 56 years ago and has remained in the family ever since. Recently, it has been totally renovated to provide a unique and memorable experience for its customers. Each day, the owner is present in order to ensure that every entrée is prepared to its impeccable standards. In 2019 this restaurant was voted best in county

The restaurant has 3 levels with 5,700 square feet of dining space, 3 bars and seating for 258 people including the bar seats. The bar has just opened and business is increasing dramatically each day. A personalized event can be enjoyed in the lower level banquet space. Large parties of over 75 people can be accommodated. It has a large parking lot. In addition, the renovated property is for sale. It includes separate rental income units.

The owner believes that customer service as well as fresh products are the key ingredients to being successful. Customers are treated like family. This restaurant's mission is to make memories for customers in the presence of family, good friends, and great food.

What sets this business apart from others is: It has the only active liquor license in town. It offers a unique memorable experience. There are no similar restaurants in town or in the surrounding area. As a result, this restaurant has been extremely successful and experienced tremendous growth over a short period of time. This business is well positioned for further expansion

A savvy new buyer will be able to increase this growth by taking its successful business model and applying it to its own business plan. The ideal buyer will be an individual or group who has experience in the restaurant industry and recognizes the potential of this unique business.

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Financials (USD)

Asking Price $2,500,000

Cash Flow $382,000

Sales $2,116,000

Deal Terms

Represented by broker? Yes

Buyer Fee? No

Seller Financing? Yes

Willing to co-broke? Available On Request

Principals only? Available On Request

Franchise? No

Management will stay? Yes

Relocatable? No

Real Estate? No

Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum. Read DealStream's Terms Of Use before responding to any listing. Learn how to stay safe in our marketplace.

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