Asking Reduced To $250K, $100K Down, 5 Year Note

Not Disclosed, NJ
Union County


Asking Price: Annual Revenue:
$250,000 $635,110

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Asking Reduced To $250K, $100K Down, 5 Year Note Broker: Larry Bodner
Owner Financing is Available!
5 Year Note. Seller financing.

Quick Facts

Asking Price: $250,000
Annual Revenue: $635,110
Net Profit: Not Disclosed
Cash Flow: $86,978
Total Debt: Not Disclosed
FF&E: $300,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 14
BBN Listing #: 50592979
Broker Reference #: 6336rh

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Business Overview:

ASKING REDUCED TO $250,000, DOWN PAYMENT REDUCED TO $100,000. RETIRING OWNER WILL GRANT A QUALIFIED BUYER A 60 MONTH PAYOUT. This is a beautiful, established, profitable restaurant with an excellent reputation and $400,000 +/- of additional fixed asset and liquor license value. Revenue $635,110 (after deduction of sales tax) and profit $86,978. Landmark location on a busy street. Beautiful restaurant seating for 91 +/-. Bar seating for 51 +/-. The restaurant has 25 parking spaces and there is plenty of off-street parking. Seller owns the real estate & will give an excellent value long term lease with a bonus of the right of first refusal. Liquor sales 35% +/-. Food sales 65% +'-. The owner has the best possible buying procedures and contacts in place yielding an exceptionally advantageous cost of goods sold position.
VALUE, VALUE, VALUE
In addition, there is an attractive granite bar.
Space: Restaurant and Bar 3,850 square feet on a ground level floor and 3,850 square feet in the basement level.

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Property Features and Assets:

Attractive facilities furnished to match a top class restaurant. 3,850 square feet on the main floor and 3,850 square feet in basement. Fully equipped with state of the art restaurant equipment and excellent storage.

Market Competition and Expansion:

As an absolutely top quality restaurant enhanced by its excellent reputation the restaurant is enjoying growth.

Reason for Selling:

Retirement

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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