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Eat-In Or Take Out Restaurant
Location: United States -> New Jersey -> Hunterdon County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Eat-In or Take Out Restaurant - Pizza and Burgers. This business was established in 2015 and offers high quality pizza, burgers and additional dishes such as sandwiches, wraps, salads, wings, etc. They offer eat-in service, take-out and delivery. They are open 7 days (M-Sat 10am-10pm, Sun 11am-9pm). The business is located in a small strip mall with good parking on a busy road. The space is 1,100 sf. with 10 seats (no basement) and 7 years remaining on the current lease at a RENT OF ONLY $2,500/MTH. (The lease allows a tenant to walk away at any time with only 90 day notice). In the past year the business grossed approx. $285,000.00 (35% delivery, 40% take-out, 25% dine-in) with a cash flow of approx. $60K (for an owner/operator). The current owner is only there part-time (2 days/wk) and has a high payroll of approx. $70k/yr. for 2F/T and 2P/T employees. Sales are up 10% year over year. They offer a full kitchen with hood system. The owner is selling as his family is growing and he needs more free time.

The business can continue to grow with the current concept or you can come in and change the concept. We are seeking a serious and financially qualified buyer with at least $70K in liquid funds to cover the downpayent and $5k rent security. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $285,000
Cash Flow:   $60,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $2,500
Seller Financing:  Yes

About The Business

Year Established:  2010
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease




Print Listing Id: 700308518
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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