Summit NJ Restaurant

Not Disclosed, NJ
Union County


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

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Summit NJ Restaurant Broker: Ron Cervelli

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $800,000
Net Profit: Not Disclosed
Cash Flow: $155,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 56563909
Broker Reference #: REST724

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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. This is a dependable business opportunity. 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. 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.

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Reason for Selling:

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

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.

Documents:

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