Beautiful&Profitable, Latin American Restaurant.NewEquipment&Seating

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Asking Price:
$120,000

Gross Revenue:
$175,000
Cash Flow:
$46,196
EBITDA:
$46,196
Inventory:
 Not Disclosed

FF&E:
$23,700
included in asking price

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Business Description

Professional IT owner sacrificing to prepare for professional opportunity relocation. This is an attractive, established & profitable Latin American restaurant in a prestige N.J. community, with a varied and comprehensive superb Latin American menus that customers always enjoy and return to repeatedly. Seating is provided for 40 customers. In addition to being an attractive and efficiently designed restaurant the owner has added the following equipment within the last year: refrigerators $2,000, rotisserie $10,000, water heater $1,700, seating $3,000 and a new freezer $700. $3,000 has been invested in the buildout improvements. The restaurant enjoys the benefit of ongoing advertising. P&L projected based on year to date numbers.

About the Business

Location:
Chatham, New Jersey
Year Established:
2012
Number of Employees:
3 ft
Real Estate:
Leased
Building Sq. Ft.:
1,200
Rent:
$3,000.00 Per Month
Lease Expiration:
9/1/2021
Facilities:
Attractive, in excellent condition and up to date.
Market Outlook/
Competition:
This is the leading Latin American motif restaurant in the city. The menus are absolutely superior and complete.
Growth & Expansion:
Owner and staff have provided total dedication toward excelling in their space. All that is needed is to continue with the total dedication to excellence.
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About the Sale

Reason For Selling:
Owner relocating
Training/Support:
High-quality, excellent instruction will be provided as desired by the new owner.

Listing Info

ID:
1626655
Ad Detail Views:
0

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Business Listed by

ROBERT HINKLEY

Executive Business Brokers

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Sponsoring Broker:

Larry Bodner
Executive Business Brokers

U.S. Census Data for Morris County, NJ
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Morris County, NJ
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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