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Restaurant For Sale - Essex County, New Jersey, NJ |
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| PROFILE: Full Service Great Food, Huge Parking Lot, Extremely Desirable Location. |
| Status: |
Available |
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| State: |
New Jersey |
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| Location: |
Essex County |
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| County: |
Essex |
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| City: |
None Given |
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| Primary Category: |
Restaurant Related |
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| Alternate Category: |
None Given |
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| USABizMart Ad #: |
132291 |
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| Seller Or Contact: |
Vito Mastromonaco |
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| Primary Phone: |
908-851-9040 |
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| Alternate Phone: |
None Given |
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| Email Address: |
See Form Below |
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| Date Ad Started: |
9/29/08 |
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| Date Ad Last Revised: |
9/29/08 |
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| Asking Price: |
$500,000 |
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| Down Payment: |
$250,000 |
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| Annual Revenue: |
$750,000 |
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| Annual Adjusted Net: |
$158,000 |
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| Franchise: |
No |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Lifestyle: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Cooperation: |
No |
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DESCRIPTION: Full Service Great Food, Huge Parking Lot, Extremely Desirable Location – (Across Street From Bus Depot, Tourist Attraction And Huge Parking Lot.) The Downside Is Only Open 4 Hours Per Day – Losing Potential Income And Profits From Lunch Or Lots Of Dinner Crowds. With Such A Huge Parking Area – Too Large For 150 Seat Restaurants Free Daily Parking Can Be Given To Guests Who Come Back For Dinner/Entrée. Interior Of Restaurant Is Attractive With Bar/Lounge Areas And Two Separate Dinning Rooms – One Room Can Be Set Aside For Catering Which Place Will Not Take If Ending Time Is Much Later Than 9:30 Closing. Food/Menu For Classic Italian Fare Are Excellent, All Entrees Are Free Cut No Portion Control Here. 50% Of Entrees Served Are Seafood. Sauces Are Tasty. 70% Food 30% Liquor Does Approximately 350 Dinners Weekly At Average Check Of 40.00 Per Person. Plus Outside Catering. When Owner Took Over And Restaurant Was Open Longer Hours Place Was Doing Over 1,000 Dinners Weekly And Lunch Average 75). Food Is Consistent But Wine List And Bar Limitations Can Easily Be Improved. Dinner Service By Waiters Is Completed. C Liquor License Value 100,000 – Building And Land Available For $2,200,000. Building Can Be Lit Up Better For Late Night Or Winter Usc. |
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