This is a high efficiency establishment in one of Hoboken's best locations. The restaurant has an extensive menu and a seating area presently for 20 to 22 patrons. Outdoor seating for approx. 12 to 16 patrons. Open 7 days a week 10:00 AM to 1:00 AM Monday thru Wednesday, Thursday 10:00 AM to 3:00 AM and weekends to 4:00 AM 60% income on takeout and delivery. Weekly income ranges to an average of $26,000. 13 years lease with additional 10 year opportunity @$10,553 monthly rent w $1,140 in CAM. Fully equipped kitchen, display cases, refrigerators. Full basement with 10X10 walk-in & freezer, ice machine, prep area and plenty of storage all included. This is the perfect restaurant buy for the experienced restaurateur who is interest in buying a "Turn-Key" operation. "Price negotiable" for prime Buyer who is financially sound to close quickly!!
24 hr Notice to Show L/A must attend all showings. Schedule time of showing 7:00/8:30AM. Attached NDA must be signed by all participating Buyers and Realtors Proof of funds and explanations of business experience must accompany all offers
Asking Price: $350,000 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceShare 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.
Can't Beat This Price!! Hoboken Established Restaurant
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