Business For Sale

Food & Beverage: Restaurants, Fast Food, Deli


Local Well Known Restaurant & Jazz Club

W. Orange, NJ

Asking Price: Annual Revenue:
$1,000,000 $420,000

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RE: Local Well Known Restaurant & Jazz Club Broker: Frank Lee Kore Consulting, Inc.

Quick Facts

Asking Price: $1,000,000
Annual Revenue: $420,000
Net Profit: $120,000
Cash Flow: $120,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2006
Employees: 7
Listing Number: 71928882

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Business Overview:

Asking Price include Business with Property
1. Sales=Liquor & Wine vs Foods=50/50(%)
2. cecilsjazzclub.com
3. Owner is Cosby's show drummer
4. Business price $500,000 include liquor license

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Property Features and Assets:

Stand alone brick 20 plus car parking Appraisal $800,000(year 2006)

Market Competition and Expansion:

Less Competition around town

Reason for Selling:

Other opportunities

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:

Relevant Links:

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