Summit Sushi Restaurant

Not Disclosed, NJ
Union County


Asking Price: Annual Revenue:
$75,000 $600,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Summit Sushi Restaurant Broker: Ron Cervelli

Quick Facts

Asking Price: $75,000
Annual Revenue: $600,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 43143909
Broker Reference #: REST719

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Business Overview:

Wonderful business opportunity to own this attractive restaurant with previous sales of approximately $50,000 monthly, in Northern New Jersey, Union County and located on an active commercial avenue. This restaurant routinely has numerous full / part time employees. The payroll is primarily based on an hourly basis. The business transaction has an assignable commercial lease which expires 12/31/2025, plus additional options available, with a monthly rent of $5,200 all in, cost per square foot is estimated at $31.20 and rent security of approximately $12,300. The 2018 yearly gross income represented by the seller owner is $600,000 and the business can have a consistent net yearly income based on an onsite owner operator and prior to any debt service. This is a dependable safe business opportunity. All viewings are by appointment only and the photo does Not represent this particular business opportunity.

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Property Features and Assets:

This opportunity is in Northern New Jersey, Union County, the general area consists of various highly populated affluent communities with continued demand for this industry. This retail facility which consist of approximately 2,000 square feet have an attractive modern appearance and this restaurant is on an active county road.

Market Competition and Expansion:

The present owner is semi absentee and involved in alternative restaurants out of the area. This business can be further expanded by the new operator, as an onsite owner operator and altering the existing menu. Summit has numerous restaurants and dozens of businesses in the city. This opportunity will involve a new operation by the purchaser. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Reason for Selling:

The purpose of this business transaction is due to

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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