Owner Financing is Available!
Business Overview:
A Bar and Italian Restaurant with Liquor located near the NJ Giants Stadium and prime area of Northern New Jersey. The business has a valuable liquor license which is included in the sale. This is a six day operation that supplies excellent food and prime service to its customers. The facility is actually located on a commercial avenue with a high number of companies and 50% of the business consists of lunch service. The business has a gross annual income above $400,000 and a consistent net yearly income of $100,000. The seller wishes to relocate and will offer standard lease terms as well as an on the purchase of the real estate property. This is a wonderful Restaurant with an excellent reputation for quality food and service.
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 1,500 square feet with a large full kitchen and an ultra modern and attractive setting. The business has a very modern appearance and has been upgraded over the years. Private parking is part of the lease agreement. The seller will provide a new long term lease with a monthly rent of $3,800 + $280 taxes. The seller will also provide an option on the purchase of the real estate property, which is available through our real estate division.
Market Competition and Expansion:
No similar competitors exist in the general area.With continued good service and a new marketing plan this business can be further developed.
Reason for Selling:
Relocating out of the area
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.