Restaurant Summit, NJ

Not Disclosed, NJ
Union County


Asking Price: Annual Revenue:
Not Disclosed $800,000

Food & Beverage: Restaurants, Fast Food, Deli


Request More Information
Contact the Seller

RE: Restaurant Summit, NJ Broker: Ron Cervelli
Owner Financing is Available!
Available to a qualified buyer.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $800,000
Net Profit: Not Disclosed
Cash Flow: $155,000
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 7
BBN Listing #: 44973909
Broker Reference #: REST695

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

Highly successful restaurant in the wonderful city of Summit, New Jersey and in an affluent commercial area near a highly active train station. This restaurant has recently been fully upgraded with a modern attractive image which includes upgraded equipment and exterior seating. The business offers quality food and service and has a New Jersey wine license offering excellent products to their customers. Highly successful restaurant in the wonderful city of Summit, New Jersey and in an affluent commercial area near a highly active train station. This restaurant has recently been fully upgraded with a modern attractive image which includes upgraded equipment and exterior seating. The business offers quality food and service and has a New Jersey wine license offering excellent products to their customers. This is a dependable business opportunity. The business has an assignable commercial lease which expires November 30, 2034 plus additional options, with a monthly rent of $6,900 and rent security $12,600. The business has been valued based on a fair multiple of the net yearly income including the value of the specific business assets and possible seller and institutional financing has been pre-approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

This attractive commercial facility consists of 2,200 square feet with a modern appearance. The restaurant business is located on an active commercial avenue with various other active and successful businesses. This opportunity is located in the city of Summit, Union County, New Jersey, which consists of various affluent communities with continued demand for this particular product and service. The business is located next to an active New Jersey train station.

Market Competition and Expansion:

To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The business presently has a limited marketing plan, poorly optimized web site which if implement can further develop the business gross sales.

Reason for Selling:

The sale is due to owner’s desire to retire and mi

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.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!