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Lease Closed Restaurant Pub
Location: United States -> New Jersey -> Hunterdon County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Most unusual opportunity to purchase or lease a five thousand square foot, presently closed restaurant in an affluent area of Hunterdon County, New Jersey. Additionally, the real estate can be purchased or an option to purchase the property can be supplied. There is also a separate consumption liquor license that is available for this business opportunity. This business transaction will offer a five-year commercial lease which can expire in 2023-01-01, plus additional options available, with a monthly rent of $5,000, triple net, cost per square foot is estimated at $14.50, and rent security of approximately $5,000. The business fixed assets has an estimated value of approximately $50,000 which is based on the existing equipment and licenses.

This successful restaurant business operation was active six days per week, (closed Monday) with hours from 4:00 pm to 2:00 am. It is our understanding, the previous owner, operated this restaurant in 2009 with a gross yearly income of approximately $1,000,000 with a consistent yearly net income and illness forced the closing. This is a dependable safe business opportunity which can be developed into a wonderful return on investment. All viewings are by appointment only and the photo does Not represent this particular business opportunity.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $100,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Inventory:  $50,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1981
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The owner is presently a real estate investor is not experienced in the restaurant industry and cannot assist with training.
Reason For Selling:  The purpose of this sale is a real estate rental or sale from landlord.




Print Listing Id: 700324187
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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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