This Well Known Restaurant in Prime Busy Area seats 50/60 patrons with indoor and outdoor seating. Fully equipped kitchen, comfortable atmosphere with a sense of elegant dining. Only a short walk to Path but close to bus transportation and shopping. Buyer will be able to take over current lease containing "Right of First Refusal" to purchase if Real Estate is to be sold The existing lease extends to 2025 with 3% increments. The rent is a classic for the Hoboken Restaurant Market presently $ 5300. Open to all reasonable offers
All interested parties and their affiliates must sign and notarize Non-Disclosure forms prior to viewing or receiving detailed information. All Buyers must have strong financial stability and restaurant experience.
Asking Price: $225,000 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Classic Restaurant with Perfect Rent - Best Buy for Smart Buyer!!
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