Popular Fun Restaurant
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $675000
Net Profit / Cash Flow $125000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1975
Number of Employees 6 - 9
Inventory 310000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training The seller will supply a full transitional period and remain thirty days post closing.
Reason for Sale The owner is relocating out of the area and into an alternative restaurant.
Description Very popular fun, intimate restaurant located in the small town of Hunterdon County near Clinton, NJ. The business is for sale with an option to purchase the real estate. The business has a consistent gross income of $675,000 yearly and a $125,000 net yearly income. They offer the best in seasonally fresh & inventive cuisine, and rely strongly on local farms and producers to make their menus possible. They have an internationally inspired wine list and extensive bar, hand crafted to compliment their global cuisine. The restaurant dress is casual; reservations are always appreciated, and are recommended on weekends. They pride themselves in providing the guests with the perfect experience; a mixture of great food, friendly service, and of course, the right price. They understand the importance of having just the right menu for your meeting, party or special occasion, and offer several different menu options to suit every need. The sale includes a valuable liquor license, commercial kitchen, POS system and various equipment required for this industry. The facility has a legal capacity for 95 customers consisting of 2,600 sq ft, on one floor.The business is operational 6 days week hours 4:00 pm to 10:00 pm + hours weekends. You will find their dining room spacious yet intimate, the perfect setting for a business luncheon, after work business dinner, or celebratory event. They work closely with local florists and entertainers who can further enhance your event. This is a wonderful opportunity with a consistent income to the operator. Based on the asking price, required down payment and net income this business should supply a 20% return to the owner operator prior to debt service.
Click Here To Contact Seller
|
|