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Business For Sale

Monmouth White Table Cloth Restaurant Bar

Not Disclosed, NJ, USA

Food & Beverage: Restaurants, Fast Food, Deli

Business For Sale
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$795,000
Not Disclosed
Not Disclosed
$146,950
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
2005
19
66132979

Business for Sale Overview:

Here is an opportunity to purchase a high end restaurant (excellent food) that never has an owner/operator on premises. Owner is involved with professional baseball and has no time to devote to his fantastic restaurant involvement. Frequented by professional ball players restaurant was completely renovated and improved with over $300,000 – cost added back in. As a professional sports figure, owner is not knowledgeable about needs directions and demands that this type of entity requires. This restaurant has had no owner operation since this inception 3 years ago. In spite of this, the restaurant continues to succeed has the only high end restaurant in this heavy vacation area. Restaurant does much better in the off seas in FALL through SPRING as better food with the absence of vacations with this better type of clientele continually enjoying themselves on repeat visits to this consistent food tasting and presentation new owner who would be hands on has to easily benefit on this restaurant concept. New motivated owner would receive benefit of clientele developed by past owners name recognition. Value of C license is $400,000 – Owner will give to buyer first option of first refusal of property.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Market Competition and Expansion:

Competition The area where restaurant is located is close to boating activities with many large boats in near by dock age – this is only restaurant catering to top line clientele in area. Expansion The opening for lunch, advertising, promotion and knowledge of first class restaurant can easily bring greater success to a new buyer.

Reason for Selling:

Owner is in professional baseball has no time for

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

Resources:

 

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