Description

Italian Restaurant & Pizzeria business fully upgraded real estate located in Essex County, New Jersey. This high volume restaurant is located on a highly active and convenient county road with substantial traffic flow. The facility has a gross income of $1,694,187 and a yearly net income of $300,000 plus additional rental income. The business income is originated from the sit down casual restaurant, deliveries and catering however the majority of income is derived from food delivery and pick up and catering. Highly successful family business which was established in 1908 and has developed into a business that specialize in personalized service, diversified Italian cuisine and uncompromising quality. All of their recipes were inherited and they have a tantalizing array of dishes, representing the cooking of several regions of Italy and international menus with selections to satisfy the discriminating palate. This is a dependable business opportunity which offers seller financing to a qualified buyer. The business transaction includes a fully equipped Italian Restaurant Pizzeria including a newer commercial kitchen, refrigeration & freezer units, POS system, delivery van, prep kitchen, various kitchen equipment, displays, shelving, tables, computers, including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This particular business has twelve employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $28,000. The sale includes the real estate which has two ultra modern second floor residential units with private entrances. The business is a newly built ultra-modern free stranding facility which consists of 4,200 square feet and has a capacity for approximately fifty-five customers. The facility has appropriate private and municipal parking on site and near to the facility.

Posted Sep 22, 2016

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