European Restaurant In Upscale Town
Location:
United States
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New Jersey
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Essex County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Are you a serious buyer looking for restaurant space in a fantastic location with a brand new lease at a reasonable rate? Then you will need to move very quickly. Owner wants this sold in the next 30 days and is willing to sell it at a HUGE discount to a well funded, experienced, serious buyer. Price - $149k! If you are a tire kicker, not ready to move forward just yet or have little money or experience – this opportunity is not for you. Price is firm - key money situation – no negotiations and no financing. Must be able to close within the next couple of weeks. Incredible opportunity – absolutely A+++ location. Currently a European concept but can be easily converted into any concept. Fully equipped, fully operational restaurant in fantastic location – almost 3,000 square feet. This place is currently doing almost one million dollars in sales. No brokers – all potential buyers will need to submit a confidentiality agreement. Only serious, ready to go buyers need to inquire - please.
Facilities: This restaurant is located on a very popular street, next to major chain clothing store, movie theater, Starbucks and other very popular and successful stores. Plenty of walk-by traffic- great visibility. Plenty of public parking directly across the street. 68 seats inside and seating for 60 on outdoor patio.
Lease: Landlord is ready to provide new lease to Buyer approx $8k per month.
Market: Upscale northern NJ town which fits this concept perfect. The location and decor makes this a very popular, well known eatery in the town.
Growth: Plenty of room for growth - promote catering more and opportunity to expand inside seating by 30 seats.
Financials
Asking Price Range: < $250K
Gross Revenues:
$910,000
Cash Flow:
$252,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $195,000
Seller Financing: Yes
About The Business
Year Established: 1999
Number of Employees: 6 - 9
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Yes - owner will provide two weeks of hands on training plus 30 days of phone support.
Reason For Selling: Seller is looking to pursue other opportunities.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 700115215
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