Business for Sale Overview:
Plenty of activity in this building in downtown Newark. Surrounded by towering office buildings. Arena and transportation centers similar to corporate cafeteria except run by private owner. Closed Saturdays and Sundays. Has neither lottery nor sells cigarettes – both would be huge sellers here. 95% cash 25% delivery – if 2nd delivery man were added to payroll business would jump overnight. Busy break fast and lunch menu consist of bagels/sandwiches, wraps, hot meals to order and salads. Has accessibility as main caterer to a 400 seat function room located on top floor of building. This facility if opened earlier and stay opened later would do more business. Located near New Prudential Center the major attraction in Newark.
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:
At present location very little competition for activity in area, one block away from New Prudential Arena, surrounded by legal offices.
Expansion:
Opening more hours as past owner did. Within building there is a 400 seat function room where operator of this business can be main caterer. Advertising to surrounding office workers to allow them to know about this facility can only bring in more business. Getting lottery and selling cigarettes are key.
Reason for Selling:
Too long of a commute/ owner does not like business
Additional Details:
- The property is leased.
- 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: