Owner Financing is Available!
Business Overview:
Established Full Service Restaurant & Bar in Northwest Middlesex County. This is a strong location with great visibility and high traffic counts. The space has been thoroughly renovated recently and is in good condition. It has Full Liquor & Entertainment Licenses and a very strong Cash Flow of $196,000 while only being open for limited hours. This location is good for almost any concept; sales and the bottom line could be grown by staying open later and focusing on alcohol sales.
FACILITY: This is a strong location with great visibility and high car counts. The space is approximately 3,500 square feet with a separate Bar Room and Dinning areas. The facility has a functional layout and the Sellers recently completed significant renovations. CONDITION: The building and restaurant are in very good condition. PARKING: Plenty of Plaza Parking. EQUIPMENT: The equipment has been well maintained and is of good quality. LEASE TERM: Four (4) year lease with 2 Five (5) year options available. BASE RENT: $3,640 per month (which includes the triple nets). CONCEPT: Full Service Italian Restaurant & Bar. SEATING: 100 Plus seats. HOURS: 11:30 AM – 9:00 PM Tuesday – Sunday (License is until 2:00 AM). LICENSES: Full Liquor & Entertainment (2:00 AM). SALES: $715,000 (80% of which was food). CASH FLOW: Approximately $196,422 (with limited hours). PRICE: $242,000 (For the Business).
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.
Additional Details:
- The property is leased.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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