Owner Financing is Available!
Business Overview:
This is a wonderful opportunity to own a highly successful five day luncheonette restaurant business in a prime area of Bergen County and Northern New Jersey. This profitable restaurant has limited hours from 6:30 am to 4:30 pm, produces a gross yearly income of $415,000 and a consistent net income of (SDI) $80,000. The facility is free standing with adequate private parking and a seating capacity for sixty five (65) customers, 2,000 square feet. The sale includes a turnkey operation which includes a large commercial kitchen, various refrigeration and all required equipment necessary to operate this restaurant. The building has a legal capacity for 65 customers consisting of 2,000 square feet, on one main floor with a full basement for storage. The site has adequate private parking on the site and part of the lease agreement. The business is active five day per week with hours of operation 6:30 am to 4:30 pm. The sale includes a municipal certificate of occupancy for this location to serve food. The business has a long term ten year lease with a monthly rent of $3,750. The business has eight employees who are expected to remain after the sale. The facility is clean modern with a wonderful image and a quality reputation in the area. The seller is retiring after many years in this industry and will finance the sale to a qualified buyer. Solid opportunity.
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 2,000 square feet in an attractive free standing building with a seating capacity for approximately sixty five customers. The business has a clean modern appearance which has been upgraded during the past few years. Located in a highly active commercial industrial area close to numerous businesses, a local airport and various county road and state highways. The business is also nearby various retail shopping areas with a large number daily shoppers and workers.
Market Competition and Expansion:
No other similar luncheonette restaurant is in this particular area and the seller will supply a non compete agreement to the new operator. With an improved marketing plan for delivery, offering evening and weekend service this business can be substantially improved and developed.
Reason for Selling:
Retiring after many successful years in this industry.
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.