Restaurant For Sale - Charming and Profitable Bistro in Hunterdon Coun

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Asking Price:
$119,000

Gross Revenue:
$92,466
Cash Flow:
$25,033
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Popular, Profitable and Beautiful Restaurant For Sale Located in Western New Jersey's Hunterdon County. Only Open Five Days Per Week for a Total of Only 32 Hours and Generating Annual Sales Revenue Exceeding $400,000 with Owner Earnings of $100,000.
Perfect Turn-Key restaurant for sale Opportunity for a new Owner Operator. Strong Books and Records make this Restaurant likely to Qualify for SBA Lending and the Seller would consider Owner Financing of a Well Qualified Buyer.
Open and operating for five years, this quaint and wildly popular business offered by We Sell Restaurants has been delighting locals and visitors with incredible food and service. Even though they are only open for Dinner Thursday through Monday and Breakfast / Brunch on the Weekends, annual sales exceed $400,000 while generating owner income of $100,000.
And it gets better... the restaurant for sale is a manageable 1500 square feet that seats 40 guests inside and another 20 out on the patio. Rent is a very reasonable $2800 per month which works out to be under $23 per square foot or only 8% of sales.
The reason this profitable and successful business is for sale and only open 32 hours per week is because the owners own other locations and simply want to focus more time on their other ventures. With the average restaurant for sale open approximately 70-80 hours per week, a new owner operator should easily be able to dramatically increase sales delivering owner earnings of over $100,000.
Reviews on all the major social media sites are amazing and exceed FOUR STARS with comments such as "Great service" and "Amazing food." Seller will fully train you to these same standards.
Hunterdon County is located in the western section of New Jersey. The area is also referred to as the Delaware Valley. The county's population is 125,000. The county had a per capita personal income of over $80,000, the third highest in New Jersey and ranked 33rd of counties in the United States means there are plenty of households with high disposable income who enjoy a great meal.
Don't miss out on this amazing opportunity to purchase this successful and profitable restaurant priced well below market value. Owner and SBA financing options available.

About the Business

Location:
Hunterdon County, New Jersey
Year Established:
2014
Number of Employees:
9
Real Estate:
Leased
Building Sq. Ft.:
1,500
Rent:
$2,805.00 Per Month
Lease Expiration:
8/31/2024
Facilities:
6 Burner Stove 2 foot Grill with Broiler 10 foot walk in refrigerator 3 foot low boy refrigerator 5 foot deck pizza oven 2 hood systems pots pans Tables Chairs Plates Flatware Ice Machine Kitchen Tables Standing refrigerator
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Located in a wonderful area and known as the place to eat
Growth & Expansion:
Just started serving breakfast and will result in increased sales
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About the Sale

Reason For Selling:
Other
Training/Support:
Yes
Seller Financing:
65%

Listing Info

ID:
1667006
Ad Detail Views:
158

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Business Listed by

Steve Weinbaum

We Sell Restaurants
License# GA SL 365512

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Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152


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