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Fantastic Restaurant Opportunity In Upscale Northern NJ Town
| Asking Price: | $149,000 | Inventory: | |
| Gross Revenue: | $910,000 | Real Estate: | n/a |
| Cash Flow: | $252,000 (comments below) | FF&E: | $195,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Cash Flow Comments: Owner's Descretionary Cash Flow | |||
Are you a serious buyer looking for restaurant space in a fantastic location with a brand new lease at a reasonable rate? Then you will need to move very quickly. Owner wants this sold in the next 30 days and is willing to sell it at a HUGE discount to a well funded, experienced, serious buyer. If you are a tire kicker, not ready to move forward just yet or have little money or experience – this opportunity is not for you. Price is firm - key money situation – no negotiations and no financing. Must be able to close within the next couple of weeks. Incredible opportunity – absolutely A+++ location. Currently a European concept but can be easily converted into any concept. Fully equipped, fully operational restaurant in fantastic location – almost 3,000 square feet. This place is currently doing almost one million dollars in sales. No brokers – all potential buyers will need to submit a confidentiality agreement. Only serious, ready to go buyers need to inquire - please.
About the Business
Year Established:1999
Employees:6 full time - 4 part time
Facilities:Facilities: This restaurant is located on a very popular street, next to major chain clothing store, movie theater, Starbucks and other very popular and successful stores. Plenty of walk-by traffic- great visibility. Plenty of public parking directly across the street. 68 seats inside and seating for 60 on outdoor patio. Lease: Landlord is ready to provide new lease to Buyer. Current rate is $10,500 per month.
Market Outlook and Competition:Market: Upscale northern NJ town which fits this concept perfect. The location and decor makes this a very popular, well known eatery in the town. Growth: Plenty of room for growth - promote catering more and opportunity to expand inside seating by 30 seats.
About the Sale
Management Training and Support:Training: Yes - owner will provide two weeks of hands on training plus 30 days of phone support.
Reason For Selling:Reason: Seller is looking to pursue other opportunities.
Attached Files - Attachment Disclaimer
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State: New Jersey
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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