Restaurant With Liquor License & Property
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $425000
Net Profit / Cash Flow $90000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1995
Number of Employees 6 - 9
Inventory $270,000 equipment & $2,500 inventory.
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training The seller will remain after closing and supply an appropriate transitional period.
Reason for Sale The owner is relocating after many years of success in this service industry.
Description Modern restaurant with a full liquor license available to purchase with the real estate in a wonderful area Hudson County, New Jersey. The sale includes a modern fully equipped 1,800 square foot restaurant and a second unit residential rental unit.
This restaurant is located in a wonderful area of Hudson County, New Jersey on an county road close to various highways close the various highways and five minutes from the NY Lincoln Tunnel. This broad area consists of various affluent communities with a continued demand for these food services.
Based on the asking price, required down payment and net income this business should supply a 15% return to the owner operator prior to debt service. The owner is relocating after many years of success in this service industry. The sale includes a fully equipped restaurant, with a modern kitchen, POS system and a large variety of equipment required for this particular industry.
The restaurant has a legal capacity for 88 customers, 2,000 square feet, on one main floor with a full basement. This retail business presently has six employees and the staff is unaware of the pending sale and fully expected to remain post closing. The facility has some private parking on the site and public parking in the general area. The business is operational five days weekly, Tuesday to Sunday with hours from 4:30 am to 930 pm. This modern attractive facility consists of 2,000 square feet in a free standing commercial building on a large attractive property. The restaurant has an attractive image, separate bar area and appropriate seating for ninety customers. The restaurant has been fully upgraded with modern bathrooms and lots of storage and shelving. The second floor has a three bedroom residential apartment.
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