Semi-Absentee Highly Profitable 37 Yr Old Italian - Business for Sale
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Italian Restaurant with Pizza and Full-Service Dining in Cherry Hill, NJ
NJ, US
Added 2 days ago
Food & Beverage, Retail Stores, Entertainment, Leisure, & Recreation
37 years in business
RemoteAbsentee / Semi-Absentee
Italian restaurant with pizza/takeout and full-service dining, operating for 37 years in Cherry Hill, New Jersey.
Key Information
Asking
$1.6M
Revenue
$1.2M
Earnings
$544K
Multiple
2.9x
Key Highlights
- Established in 1989 with 37 years of operation
- Restaurant seats 140 indoors and 40 outdoors, plus a rentable party room
- Sales exceed $100,000 per month; profits over $40,000 per month
- Semi-absentee ownership with two owners spending limited time on-site
- SBA financing available with estimated $340,000 down payment
- Estimated payback period under 15 months
- Leased property; not a franchise
Contact Info
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