Owner Financing is Available!
Business Overview:
Successful Luncheonette with lotto located in prime area of Northern New Jersey. The business generates yearly gross sales of approximately $338,000 with a stable net income for the owner. This business operates seven days a week and serves Breakfast & Lunch as well as selling convenience store items such as Lotto, Newspapers, etc. The business facility is in a modern, free standing building with ample indoor seating capacity for 42 customers and lots of private parking. The seller will finance the sale to a qualified purchaser and supply a long term lease with moderate rent payments.
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:
Facility is located on a busy county road and active community with a continued demand for food services. The facility is on a free standing building with onsite parking for 14 vehicles. The business facility is 1,600 square feet with an indoor seating capacity for 42 customers. The seller will supply a new long term lease with an approximate monthly rent of $2,300. Seller will also consider selling the entire package including the real estate property, which is available through our real estate division.
Market Competition and Expansion:
No other Breakfast/ Lunch/ Cafes are in this general area.With improved advertising and a delivery service this business can be further developed. The new owner can also increase the hours of operation and expand the menu for an increase in income.
Reason for Selling:
Retiring after many successful years
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.