Casual Dining & Tavern on busy state highway.

Not Disclosed, NJ
Morris County

Morris County

Asking Price: Annual Revenue:
$2,595,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Casual Dining & Tavern on busy state highway. Broker: Rob Petrin, Jr.
Owner Financing is Available!
lease option available for $595,000.

Quick Facts

Asking Price: $2,595,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $600,000
Real Estate: Not Disclosed
Year Established: 2006
Employees: 30
BBN Listing #: 954445063
Broker Reference #: Not Disclosed

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Business Overview:

A turn key, high volume casual Bar & Grill on a fantastic property.
Great liquor sales and additional rental incomes make this a "Must See" opportunity.

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Property Features and Assets:

5,000+/-sq. ft. on 2.3 flat highway acres. In addition, 1 residential house and 1 retail store. Rental provide for $5,500 per month income. Tons of parking and highway frontage for great visibility. Large offices on 2nd floor. All in great condition. Great outdoor patio too. This is not for a novice restaurant person.

Market Competition and Expansion:

Some national chains nearby but they were all pre-existing. Sales have always been strong since opening 8 years ago. New management could increase bottom line with little effort. Food could be improved with new management although concept has a very strong following.

Reason for Selling:

Family Issues.

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.

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