Restaurant in Premier Location
| Asking Price: | $184,500 | Inventory: | |
| Gross Revenue: | $250,000 | Real Estate: | n/a |
| Cash Flow: | $99,700 (comments below) | FF&E: | $75,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Cash Flow Comments: Owner's "true" income | |||
Exquisite restaurant specializing in traditional recipes along with some family favorite recipe dishes in a relaxed atmosphere. Seller will thoroughly train new owner on this very easy to own and operate business including family recipes. Owner has a lot of equity in the market. People know this restaurant and the current owner enjoys the market niche with lots of repeat customers. Restaurant has a very good location in affluent Monmouth County along a busy high volume highway with great visibility. One of only a few restaurants in the area that offers this type of cuisine. Restaurant can easily be converted to accommodate any type of cuisine. Zagat Rated and has been featured in many large newspapers and restaurant publications. Owner is easy to work with, highly motivated, and is ready to retire
About the Business
Year Established:2006
Employees:2 full time - 1 part time
Facilities:Lease is good through 2024 with the buyer having the first option to purchase the building. Rent is very low for this type of building well below market value. Seating capacity for 50 with possible future expansion including outdoor dining. Freestanding.
Market Outlook and Competition:Unique business with little to no competition. Restaurant has been steadily increasing profit for the past three years with little to no advertising. A true testament to the quality of the business is that word of mouth alone has led to the success. Growth can be further enhanced by developing a marketing plan and possibly adding delivery service. Future expansion can include an outdoor dining area
About the Sale
Management Training and Support:Training will be provided by seller including all recipes at no additional cost.
Reason For Selling:Retirement - Out of country relocation.
KEYWORDS: Greek, restaurant, food, turn key, profitable, freestanding, italian, pizza, monmouth county, new jersey
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