$2M Revenue Tapas Restaurant + 2 Bars | $300K Profit | Newark NJ
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Established and highly profitable Spanish tapas restaurant located in Newark, New Jersey. This fully built-out, turnkey operation generates approximately $2,000,000 in annual revenue with ~$300,000 net profit, offering immediate cash flow for a new owner.
The restaurant features three dining areas, two full-service bars, and a large covered outdoor patio, with total seating for approximately 170 guests. The layout allows for multiple revenue streams including dining, bar service, private events, and large group gatherings.
Rent is approximately $5,000 per month with 9 years remaining on the lease, and the location includes a fully operational liquor license tied to the premises, allowing a new operator to immediately continue alcohol service without the large upfront cost of purchasing a liquor license in New Jersey.
The restaurant has built a very strong brand and customer following, including:
• Over 15,000 combined followers across Instagram and Facebook
• More than 3,000 customers in the OpenTable reservation database with a 4.9 rating
• Excellent reputation on Google and Yelp with ~4.7 star average ratings
The facility includes a fully equipped commercial kitchen, two walk-in coolers, walk-in freezer, large basement prep/storage area, office, and liquor cage.
This business is well positioned for continued growth through expanded catering, private events, marketing initiatives, and themed events. With the 2026 FIFA World Cup coming to New Jersey, the restaurant is ideally suited for large watch parties and events, with multiple TVs, sound system, lighting, and capacity to host 200+ guests for major games and events.
The restaurant features three dining areas, two full-service bars, and a large covered outdoor patio, with total seating for approximately 170 guests. The layout allows for multiple revenue streams including dining, bar service, private events, and large group gatherings.
Rent is approximately $5,000 per month with 9 years remaining on the lease, and the location includes a fully operational liquor license tied to the premises, allowing a new operator to immediately continue alcohol service without the large upfront cost of purchasing a liquor license in New Jersey.
The restaurant has built a very strong brand and customer following, including:
• Over 15,000 combined followers across Instagram and Facebook
• More than 3,000 customers in the OpenTable reservation database with a 4.9 rating
• Excellent reputation on Google and Yelp with ~4.7 star average ratings
The facility includes a fully equipped commercial kitchen, two walk-in coolers, walk-in freezer, large basement prep/storage area, office, and liquor cage.
This business is well positioned for continued growth through expanded catering, private events, marketing initiatives, and themed events. With the 2026 FIFA World Cup coming to New Jersey, the restaurant is ideally suited for large watch parties and events, with multiple TVs, sound system, lighting, and capacity to host 200+ guests for major games and events.
About the Business
- Years in Operation
- 11
- Employees
- 16 Full-time
Full operating staff and management - Facilities & Assets
- Seating Capacity: ~170 guests
• Dining Areas: 3 (including covered patio)
• Bars: 2 full-service bars
• Outdoor Patio: Heated & cooled (~70 seats)
• Kitchen: Fully equipped commercial kitchen
• Storage: Basement prep area, walk-in coolers, walk-in freezer, office and liquor cage
- 10 tv’s and state of the art sound system and lighting system - Market Outlook / Competition
- The restaurant operates in a strong dining market in Newark, New Jersey, with consistent demand for full-service restaurants and bar-driven concepts. The business generates approximately $2,000,000 in annual revenue and has a loyal customer base and strong reputation. While there are other restaurants in the area, the business stands out due to its established brand, multiple dining areas, two full-service bars, and large covered patio. Overall, the market conditions remain favorable for an operator seeking an established, profitable restaurant.
- Opportunities for Growth
- The business has opportunities for growth through expanded marketing, private events, catering, and partnerships with local organizations. The multiple dining areas and two bars also allow for themed nights, live entertainment, and special events. Additionally, with the FIFA World Cup coming to New Jersey in June 2026, the restaurant is well positioned to host large watch parties, with ample space, TVs, sound system, and lighting capable of accommodating over 200 guests.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,300
- Rent
- $5,000.00 per month
- Lease Expiration
- 1/5/2035
About the Sale
- Seller Motivation
- Family moving out of the country
- Transition Support
- Owner agrees to stay on board as consultant for 1-2 months as needed
- Financing Options
- Prospective buyers will be responsible for securing their own financing or funding
Listing Info
- ID
- 2478880
- Listing Views
- 29
Attached DocumentsAttachment Disclaimer
Listing ID: 2478880 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. See our full Terms of Use. Learn how to avoid scams.
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