Montclair Restaurant-Net Profit $383k-Clean Books

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Asking Price:
$900,000

Gross Revenue:
$1,688,632
Cash Flow:
$393,728
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Montclair NJ Restaurant for Sale - Hottest Restaurant in Jersey - $393,728 Net Profit - Clean Books & Tax Returns Available - Minutes from NYC - Attractive New Pricing.

1. NAME/CONCEPT: Super Hot Full Service High-Profit Restaurant.

2. ADDRESS/AREA: Super high-income Montclair New Jersey location.

3. SIZE/TYPE: Seating for well over 100-guests with large outdoor patio.

4. RENTAL RATE/TERMS/OPTIONS: $12,000 all in per month. Five-year lease with five-year option to renew.

5. OPERATING HISTORY: Million dollar build out with state of the art kitchen.

6. VOLUME/NET Profit
2017 YTD Gross Sales was $1,688,632 on the books and tax returns.
2017 YTD Net Profit including personal add-backs is $393,728.

7. HOURS OF OPERATION: Lunch, brunch, and dinner seven days a week.

8. SELLING PRICE: $900,000. The loyal staff makes for a flawless transition.

About the Business

Real Estate:
Leased
Building Sq. Ft.:
3,200
Lease Amount/Mo.:
$12,000.00
Facilities:
3,200 SF.
Seating for well over 100-guests with large outdoor patio.
Million dollar build-out with state-of-the-art kitchen.
Market Outlook/
Competition:
Please ask business broker for details.
Growth & Expansion:
Please ask business broker for details.
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About the Sale

Reason For Selling:
Other interests.
Training/Support:
The loyal staff makes for a flawless transition.

Listing Info

ID:
1479377
Ad Detail Views:
371

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$
months
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Business Listed by

Steven Josovitz

Shumacher Restaurant Brokers
License# 164878

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Source: American Community Survey (2010-2014), United States Census Bureau.

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