Business For Sale

Minutes from NYC-Nets $383,000-Clean Books & Tax

Montclair, NJ
Essex County


Asking Price: Annual Revenue:
$900,000 $1,688,632

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Minutes from NYC-Nets $383,000-Clean Books & Tax Broker: Steve Josovitz
License #: 164878

Quick Facts

Asking Price: $900,000
Annual Revenue: $1,688,632
Net Profit: Not Disclosed
Cash Flow: $393,728
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 424029193
Broker Reference #: 1855

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Business Overview:

Montclair NJ Restaurant for Sale – Hottest Restaurant in Jersey – $393,728 Net Profit – Clean Books & Tax Returns Available – Minutes from NYC – Attractive New Pricing.

1. NAME/CONCEPT: Super Hot Full Service High-Profit Restaurant.

2. ADDRESS/AREA: Super high-income Montclair New Jersey location.

3. SIZE/TYPE: 3,200 SF. Seating for well over 100-guests with large outdoor patio.

4. RENTAL RATE/TERMS/OPTIONS: $12,000 all in per month. Five-year lease with five-year option to renew.

5. OPERATING HISTORY: Million dollar build-out with state of the art kitchen.

6. VOLUME/NET Profit:
2017 YTD Gross Sales was $1,688,632 on the books and tax returns.
2017 YTD Net Profit including personal add-backs is $393,728.

7. HOURS OF OPERATION: Lunch, brunch, and dinner seven days a week.

8. SELLING PRICE: $900,000. The loyal staff makes for a flawless transition.

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Property Features and Assets:

Super high-income Montclair New Jersey location. Million dollar build-out with state of the art kitchen. 3,200 SF. Seating for well over 100-guests with large outdoor patio. RENTAL RATE/TERMS/OPTIONS: $12,000, all in, per month. Five-year lease with five-year option to renew.

Reason for Selling:

Other interests.

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.

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