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Italian Restaurant Part-Time Hours Full-Time Pay
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $250000
Net Profit / Cash Flow $75000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2006
Number of Employees 4 - 5
Inventory 75000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks.
Reason for Sale Relocating when oldest child graduates HS in 2011.
Description EST. 2006 NOT a pizza joint. NOT a distress sale. NOT interested in bargain shoppers or dreamers who just quit their day job. Timeline for sale is May 2011. May consider selling sooner with substantial cash offer. 38 Seat Casual Dining Italian Restaurant for sale operating 5 1/2 days per week, 6 hours per day. $250k Gross. $75k Net w/ no advertising or delivery. Tax returns available to pre qualified individuals.
Business comprised of 85% dine in dinner only. On & off premises catering & take out available. Catering, lunch & pizza comprise 15% of gross sales.
Over 75% of our customer base is from out of town, out of county or out of state. Unlike most places, we do not have a 'slow' period. Spring & Summer bring customers from the Water Park & Golf Resorts, Fall brings apple pickers & those who visit nearby Warwick, NY's wine country. Winter brings the skiers.
Potential to increase sales by targeting locals or high volume pizza. We do not depend on either to make money!Located in a ski & golf resort area where it is impossible to find restaurant space. Freestanding building shared with a dance studio & situated on the same street as the town municipal building.
Owner operated with 4 P/T employees. Rent is $2,480 w/long term lease available. Excellent landlord, makes repairs in a timely fashion, replaced the a/c & heating system because they were ineffiecient.
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