Italian Restaurant & Bar with Multi-Use Property generating Rental Income

Well Established, Popular Restaurant with Property and Bar, Liquor License included. Additional Property generating rental income. 40+ parking-Golden opportunity with Multiple income streams at this money maker! Includes a free-standing restaurant building and parking along with adjacent mixed use apartments and commercial stores generating rental income. A full service restaurant nestled within a neighborhood business district and adjacent to multiple businesses and residential neighborhood around, this Owner Operated Restaurant is well known for over 30 years and fully staffed. Equipped with a bar (Class C liquor License) and 220 seating capacity, this restaurant is amongst the town's reputed and favorite. All equipment is in working condition and included in the asking price. The cash flow for the restaurant with an owner/operator working 50 hrs/wk taking NO salary and before debt service The Mixed Use Property has 4 apartments and 4 commercial spaces waiting for CO to be rented out. Asking Price is very reasonable considering the Appraisal Value of the Property, Restaurant, Equipment and Liquor license.. Its your time to grab the opportunity to show your expertise.
 
Geography: State:New Jersey  County:
Asking Price: $3,300,000
Cash Flow: $400,000
Down Payment: $600,000
Franchise: -
Reason for Selling:
Re Inc.: Yes

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