Owner Financing is Available!
Business Overview:
Very attractive Asian Restaurant located on an active state highway in the Somerset County New Jersey area. The restaurant is two years young with a beautiful design and an ultra modern image. The business is located in an attractive commercial mall a highly traffic highway with a huge traffic volume and convenient access. The facility is 3,200 square feet with a seating capacity for 104 customers and lots of private parking. This is a six day operation, closed Monday which offers lunch and dinner. The sale includes a beautiful interior design of tables, booths, etc, full commercial kitchen, refrigeration units, POS computer system, numerous displays, etc with a minimum value of $175,000. The building has a legal capacity for 104 customers consisting of 3.200 sq. ft. The sales include adequate private mall parking at this business location. The business is active six days per week, (Monday), hours 11:30 am to 10:00 pm. This restaurant business has a municipal food handler’s license & entertainment approval. The sale includes a Twelve year lease term with a yearly rent of $59.968. All Public utilities, water, gas, electric, telephone and a P & L statement is available. The original build out costs was $275,000 and the restaurant must be seen to fully appreciate. The owner continues to be absentee, has presently closed the business due to personal circumstances and has priced the business for a quick sale.
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.
Property Features and Assets:
The facility consists of 3,200 sq. ft. with a seating capacity for 104 customers. The business is stunning with a beautiful ultra modern design which includes private seating for special events. The business has a large professional kitchen for any capacity, a full prep area and lots of storage.
Market Competition and Expansion:
No other upscale Asian restaurants are in this general area, mall landlord and seller will supply a non compete agreement to the purchaser. The owner was absentee and not directly involved with the restaurant. With on site management and an improved marketing plan the business can be further developed.
Reason for Selling:
Absentee and cannot continue to supply the time.
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.