ID# 1643 - Business, Liq Lic, and Food Truck Too!

Not Disclosed, NJ
Hudson County

One of the hottest cities in NJ

Asking Price: Annual Revenue:
$1,300,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli

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RE: ID# 1643 - Business, Liq Lic, and Food Truck Too! Broker: Seller of Business

Quick Facts

Asking Price: $1,300,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 440857204
Broker Reference #: 1643

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Business Overview:

This business has been enjoying success in one of the hottest spots in all of New Jersey when it comes to restaurant scenes. Top line gross sales for 2019 were above $2.6M and as uncertain as 2020 was they still grossed over $1.5M. Current sales are very strong and building despite their pulling back the hours of operation. That spells major upside potential for a new owner who could open for lunch during the week which they currently do not. The establishment also boasts a below market rent for the area with six years remaining on the lease plus a five-year option. The possibility exists to add more options to the lease but that would have to be negotiated with the landlord if a deal is struck with the seller. There is also a profitable food truck that comes with this deal as well as a valuable liquor license. The spot features two outdoor seating areas, one of which accommodates 98 patrons and another that is located in an adjacent parklet that seats 76. Total seating is 284 which is practically unheard of in this area. The owners are now looking to divest and pursue other opportunities at this point in their careers and now that business is getting significantly back on track their exit comes at a fortuitous time for a new operator. Could that be you? If so, schedule a showing today before someone else grabs this great opportunity in what is likely the most hip and up-and-coming city in the Garden State.

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Property Features and Assets:

Sale Includes: Business, Valuable Liquor License, Lease, Food Truck and FF&E Property: Leased Building Size: 2,400 Square Feet Rent: $10,812

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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