Most unusual business opportunity for this very attractive ultra-modern Italian restaurant café located on a highly active state highway in Morris County, New Jersey. The business has an average gross weekly income of $13,500 and a consistent yearly net income to the owner operator. The sale offers owner financing and full training for the purchaser. At this highly popular restaurant they pride themselves on using the freshest ingredients combined with culinary creativity to provide you with an authentic Italian cuisine experience. They continually feature House Specialty items to their loyal customers. They offer evening specials which include Scallops, Grilled Shrimp, Chilean Sea Bass, Fresh Tuna, Halibut, Grouper Swordfish, Orange Roughi, Bronzini, Orato, and more. In addition to the seafood selections, other specials include Veal Chops, Rib-Eye Steak, Filet Mignon, Lamb Shank, Sweetbread, Tripe, Quail, Rabbit, Ostrich, etc. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a 34% investment return to the owner operator prior to debt service. This industry does not require government agency approval to purchase or operate. This wonderful profitable business opportunity is located in Northern New Jersey, Morris County, which consists of various highly populated affluent communities with continued demand for this particular industry. This facility which consist of 2,000 square feet has an attractive modern appearance. This restaurant business is in a mid-size commercial mall with various other active and successful businesses. This particular business has Five full & part employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $18,200. The business has an assignable commercial lease which expires 2019-01-01 plus additional options, with a monthly rent of $4,333 all in and rent security $12,000.

Posted Sep 22, 2016

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