ASKING REDUCED TO $250K, $100K DOWN, 5 YR NOTE. SELLER FINANCING.
(Seller's Discretionary Earnings)
included in asking price
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ASKING REDUCED TO $250,000, DOWN PAYMENT REDUCED TO $100,000. RETIRING OWNER WILL GRANT A QUALIFIED BUYER A 60 MONTH PAYOUT. This is a beautiful, established, profitable restaurant with an excellent reputation and $400,000 +/- of additional fixed asset and liquor license value. Revenue $635,110 (after deduction of sales tax) and profit $86978. Landmark location on a busy street. Beautiful restaurant seating for 91 +/-. Bar seating for 51 +/-. The restaurant has 25 parking spaces and there is plenty of off-street parking. Seller owns the real estate & will give an excellent value long term lease with a bonus of the right of first refusal. Liquor sales 35% +/-. Food sales 65% +'-. The owner has the best possible buying procedures and contacts in place yielding an exceptionally advantageous cost of goods sold position.
VALUE, VALUE, VALUE
In addition, there is an attractive granite bar.
Space: Restaurant and Bar 3,850 sq. ft on a ground level floor and 3,850 sq ft in the basement level.
About the Business
Contact the Seller
- Union County, New Jersey
- Year Established:
- Number of Employees:
- Real Estate:
- Building Sq. Ft.:
- $5,000.00 Per Month
Attractive facilities furnished to match a top class restaurant. 3,850 sq ft on the main floor and 3,850 sq ft in basement. Fully equipped with state of the art restaurant equipment and excellent storage.
As an absolutely top quality restaurant enhanced by its excellent reputation the restaurant is enjoying growth.
Growth & Expansion:
Continue to provide excellent food.
About the Sale
- Reason For Selling:
Owner will provide full professional transition support and guidance.
- Seller Financing:
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