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Asking Price$275,000
Revenue$1,200,000 Established2012
Cash Flow$156,000 Employees6 full, 14 part
FF&E$150,000 FranchiseNo
Inventory$4,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
LISTING ID # 33189

Fantastic Italian Restaurant - Run Absentee. *Major Price Reduction* Located in a densely-populated area of Atlantic County, this business offers 2,500 sq. ft. and over 40 parking spaces. They have a simple menu and offer eat-in, take-out and delivery. They also have a special brick-oven for pizza as well as traditional pizza ovens. There are 7 years left on the current lease with a rent of $6,370 per month. In the past year, the business grossed approx. $1,200,000.00 with a net cash flow of approx. $156,000.00 (with an absentee owner). So far, through the pandemic, they have maintained gross sales of roughly $20k/wk. There are 2 owners of the business. Only one partner operates the business roughly 3 hours per week. There is a full staff in place with managers. There is upside for an owner operator to reduce payroll and expand the current offerings. A liquor license would be a great addition. The business is currently BYOB. We are seeking a serious and financially qualified buyer with at least $275K in liquid funds to cover the down payment. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

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Training/Support:Seller will train
Seller Financing:275,000.00 Down & Possible for a well-qualified buyer.
Sale Reason:Divesting
Ad #122372
Seller Reference #33189
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