Best Location in Summit

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Best Location in Summit, NJ
Asking Price:
$385,000

Gross Revenue:
$850,000
Cash Flow:
$170,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Located in an affluent Summit in Union County and best known for its creative cuisine and welcoming vibe, brought this immediate popularity with locals and foodies when it hit the dining scene. 100% turnkey and features al fresco. For customers' convenience, there is ample parking, train station and easy highway access. The sale of this profitable restaurant includes the business, lease, over $500,000 lease hold improvements, furniture, fixtures and equipment. This is truly a rare opportunity to own one of Union County’s finest restaurants.

Operating & Successful Restaurant
Triple AAA location
Long term lease
Close to Train
Garage Parking nearby
Summit Township is business friendly
Outdoor Seating
No Brokers Please
Not Actual Photo for confidentiality

About the Business

Location:
Summit, New Jersey
Year Established:
2013
Number of Employees:
15
Real Estate:
Leased
Building Sq. Ft.:
1,600
Rent:
$28.00 Per Month
Lease Expiration:
1/1/2039
Facilities:
Over$500,000 invested in fixtures, A/C Heating / Electrical, Equipment upgrade
No Brokers Please
Market Outlook/
Competition:
Unique concept plenty of room for growth No Brokers Please
Growth & Expansion:
Long term lease with options
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About the Sale

Reason For Selling:
Investing in other non-food business.
Training/Support:
What ever is needed for a smooth transition. No Brokers Please

Listing Info

ID:
1428833
Ad Detail Views:
0

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