Latin American Dining Experience in Montclair

Contact Seller
Asking Price:
$219,900

Gross Revenue:
$1,200,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$3,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

Share this business:

Business Description

This cozy restaurant on the main street level, in the heart of downtown Montclair,NJ was just reduced for a quick sale! Owner is motivated!
You can enjoy wonderful juicy steaks,cooked to perfection, yummy roasted veggies, fragrant chicken and awesome seafood dishes. Five stars!
Consistently great!
Easily accessible in the center of town Open 6 days a week for lunch and dinner. It
is a popular dining spot for over 7 years. A eclectic and comfortable Latin American vibe, with a uniquely flavored cuisine inspired menu.
Grossing over $1,200,000!
There is a long lease option, so you can grow this business even more!
Good Vegetarian Options, Comfort Food, Neighborhood Gem, Casual, Fit for Foodies, Great for Lunch, Hot Spot, Worth the Drive, Authentic, Healthy

About the Business

Location:
Montclair, New Jersey
Year Established:
2009
Number of Employees:
5
Facilities:
Over the years, this has been one of the favorite restaurants in town.The ambiance is very cozy & intimate. It is an amazing experience, with authentic and delicious dishes.
Alcohol is BYOB, like most places in the area, but conveniently,there's a wine/beer/liquor store, two doors down.
It is 1800 square feet. The decor is nice, warm and comfortably seats 50.
It remains consistent in terms of service & food. They get busy, especially on weekends and reservations are recommended.. The knowledgeable staff is friendly, the service polite & efficient.
Go for a pre-concert meal before your show,at the local Wellington Theater. It's just wonderful!
The restaurant's decor, is soothing, with plenty of earth tones. The tables allow for private conversations and are surrounded by comfortable chairs.
There is plenty of street and municipal parking in the back.
There is a full basement and a convenient back door for easy deliveries and catering jobs.
They use a P.O.S. system, Open Table and Yelp.
The rent is $7400 (Taxes,sewer,maintenance and water are all included)
The lease expires 2020 + 5 year option.Can be negotiated
Yearly sales $1,200,000!
Catering and take out is 8-9%. Food costs are approximately 28%
Payroll is $3500 a week.
They are open 6 days a week for lunch and dinner.(Closed on Tuesdays)
Market Outlook/
Competition:
Perfecto!
The reviews all praise the crisp,flavors and authentic,delicious,creative food. You are not likely to get any entrees like these, that are so uniquely prepared.
The calming and soothing inside dining room has good music in the background, and nice warm decor.
If you are anywhere near Montclair, try something a little different, you won't regret it.
This is a quality ethnic and eclectic restaurant! The food is so delicious and it is a great dining experience!
There is nothing like this cuisine in all of Montclair and for miles around. There isn't any competition!
Growth & Expansion:
MONTCLAIR’S thriving restaurant scene offers tastes of nearly every region of the world in six square miles.
This restaurant's cuisine, make this an exciting and popular, restaurant spot in New Jersey.
With it's fine reputation for over 7 years, it has established a clientele and following, that the new chef owner can continue to grow. The owner operates and manages front of the house. Chef and kitchen staff are fully trained in the Latin Cuisine and would welcome the opportunity to remain.
Create your own legacy.
The prime location in the heart of downtown Montclair, makes this restaurant desirable for any venue.
By far this is one of the best places to eat with a creative flair for Latin foods. The ambiance and food is just what the food connoisseurs long for. This favorite spot combined with your skills can grow this restaurant to the next level!
Absolutely top notch!
Contact the Seller

About the Sale

Reason For Selling:
Moving out of state
Training/Support:
Two Weeks.
Seller Financing:
TBD

Listing Info

ID:
1368565
Ad Detail Views:
562

Contact the Seller
$
months
Please confirm you're not a robot
Contact the Seller
Business Listed by

Bart D. Natoli

ReMax Properties Plus

 Show Phone Number

View My 23 Active Listings

Similar Listings


Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.