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Cafeteria In Office High Rise
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $290000
Net Profit / Cash Flow $75000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1985
Number of Employees 1 - 3
Inventory $175,000 equipment & $1,500 inventory.
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training The seller will supply a full transitional period and remain thirty days post closing.
Reason for Sale Retiring due to illness.
Description Two modern cafeteria deli businesses located in large high rise office complexes located in a commercial area of Bergen County, New Jersey. Each business location will have a separate long term commercial five year lease with a monthly rent of $1,000 and $1,150. Each deli is in a separate high rise complex representing a large number of companies and daily workers. Each deli can be sold separately or as a package sale. The businesses consist of a five day operation with hours from 7:00 am to 3:00 pm. Each facility has a long term lease with modest rent cost and utilities are included. The sale includes for each location a full line of restaurant equipment required for this industry with a $200,000 replacement value. The owner has an alternative food business and has elected to concentrate his efforts with that full time responsibility. This is a very unusual opportunity due to the exclusive rights to location and the difficulty with obtaining a high rise deli business. The facilities consist of 1,200 square feet at each building with a clean modern professional appearance. Each deli is fully equipped with state of the art equipment which can maintain a large volume of business. Each deli in located in a high rise office complex in Northern New Jersey in the city of Paramus. The general area has thousands of businesses and daily workers.
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