Owner Financing is Available!
Business Overview:
You may either purchase or lease this totally renovated restaurant establishment in an exclusive area of Morris County. The value of this offer includes the property, liquor license, all new furniture and fixtures and totally upgraded building. Purchase: asking $469k with $300k down, assume a fixed rate 20 years mortgage note at 6 3/4% for $930k. Lease: existing facility property and have a management agreement for use of the liquor license all with purchase options. Require $300k down. Lease: convert building to lessee requirements (i.e. franchise) and lease arrangements as above. Require $300k down.
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:
2,700 sq. ft. all new interior, 40 parking spots, whole building was redone, new floor to ceiling and kitchen.
Market Competition and Expansion:
Competition - No similar restaurants in the immediate area.
Expansion - No.
Reason for Selling:
To pursue other business interests
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: