Established Italian Bar/Restaurant With RE For Sale in South Jersey

Listing ID
1617

Listing Details
Asking Price
$ 3,199,000

Industry
Bar, Restaurant

Gross Revenue
$ 2,750,000

Cash Flow
$ 509,140

EBITDA
$ 509,140

Real Estate
$ 1,700,000

RE Included in Price?
Yes

Reason for Sale
Owner Retiring

Training & Support

Seller willing to assist new owner during the transition period.

Operations
Year Established
2007

Last Acquired
2007

Days & Hours
Sun thru Thurs 11a-10p/Fri & Sat 11a-11p. Closed Thanksgiving, Christmas, and week of July 4th.

Owner Hours
Full Time

Employees
30

Growth & Expansion

New owner could increase revenue with advertising, marketing and social media exposure.

Location
Square Footage
12000

Type of Location
Stand Alone

Facilities & Assets

12,000 square foot building sitting on 1.95 acres with seating for 370 and ample parking.

Summary
Business Description

Well established Italian bar/restaurant with real estate for sale in South Jersey. Features two distinct dining settings: a more upscale dining room with a bar, and a separate casual dining area with a pizzeria and sports bar. Outdoor seating and a covered patio complement an extensive menu and wine list. The three dining rooms with indoor/outdoor seating options can accommodate up to 370 patrons. The business's revenue is split between sports bar and casual dining at 80% and formal dining at 20%.

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Established Italian Bar/Restaurant With RE For Sale in South Jersey

Listing ID
1617


Listing Details
Asking Price
$ 3,199,000

Industry
Bar, Restaurant

Gross Revenue
$ 2,750,000

Cash Flow
$ 509,140

EBITDA
$ 509,140

Real Estate
$ 1,700,000

RE Included in Price?
Yes

Reason for Sale
Owner Retiring

Training & Support

Seller willing to assist new owner during the transition period.

Operations
Year Established
2007

Last Acquired
2007

Days & Hours
Sun thru Thurs 11a-10p/Fri & Sat 11a-11p. Closed Thanksgiving, Christmas, and week of July 4th.

Owner Hours
Full Time

Employees
30

Growth & Expansion

New owner could increase revenue with advertising, marketing and social media exposure.

Location
Square Footage
12000

Type of Location
Stand Alone

Facilities & Assets

12,000 square foot building sitting on 1.95 acres with seating for 370 and ample parking.

Summary
Business Description

Well established Italian bar/restaurant with real estate for sale in South Jersey. Features two distinct dining settings: a more upscale dining room with a bar, and a separate casual dining area with a pizzeria and sports bar. Outdoor seating and a covered patio complement an extensive menu and wine list. The three dining rooms with indoor/outdoor seating options can accommodate up to 370 patrons. The business's revenue is split between sports bar and casual dining at 80% and formal dining at 20%.