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For Sale: Upscale Italian Restaurant and Bar - Southern , New Jersey

$2,500,000.00

Asking Price

  • Status: Active

  • Posting ID: 279925

  • 3/29/23

Southern  Upscale Italian Restaurant and Bar Business For Sale

Description

This is an upscale family-owned Italian restaurant and bar with a valuable liquor license and owned the 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 entree is prepared to its impeccable standards. In 2019 this restaurant was voted best in the 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 uniquely 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.

Facilities: 5,700 sq. ft. facility, available for lease or purchase for an additional $3.4M
Support & Training: Seller will negotiate a transition period
Reason for Selling: Other Business Interests

To get more information about this Upscale Italian Restaurant and Bar business for sale in Southern please phone Frank Caroselli (Intermediary, Broker) at 732-494-1411 Office - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #279925 on BizBen.com. In addition to phoning Frank Caroselli, make sure you email Frank Caroselli above to get more info about this Upscale Italian Restaurant and Bar, to ask any questions or request an appointment to see this business for sale. Thank you. Sunbelt & Frannet of New Jersey.

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Contact

  1. Name: Frank Caroselli
  2. phone iconPhone: 732-494-1411 Office

Details

  1. Asking Price: $2,500,000.00

  2. Down: Call / Email

  3. Cash Flow: $382,000.00

  4. Revenue:    $2,116,000.00

  1. Area: Southern

  2. City: None Given

  1. Attributes:

    Broker CooperationTraining & SupportReal Estate Available

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