Seller's Contact Information
- RE: Tapas Restaurant & Wine
- Contact: Customer Service
Quick Facts
| Asking Price: | $250,000 | |
| Annual Revenue: | $884,960 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $110,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 90,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1999 | |
| Employees: | 5 | |
| BBN Listing #: | 55473909 | |
| Broker Reference #: | REST810 |
Business Overview:
Popular Tapas style restaurant with wine license, located in wonderful affluent city in Northern New Jersey, and in the County of Bergen. This successful restaurant has a wonderful reputation, strives to create an atmosphere full of vitality and fun. A substantial percentage of their sales represents delivery and pick up. They deliver a special atmosphere for their customers to feel warm and welcome as they choose from their eclectic menu that highlights their global culinary influences. The staff’s greatest objective is to nourish their community and guests. This is a wonderful / dependable business opportunity, the owner does not function in the kitchen.
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Property Features and Assets:
This is a quant and attractive restaurant which consist of 1,330 square feet with a modern appearance and located on an active commercial avenue in upper Bergen County New Jersey. The general area consists of many affluent communities with various active and successful businesses. The business assets have an estimated value of $90,000 which is based on replacement cost consisting of a modern Restaurant which includes a full commercial kitchen, refrigeration & freezer units, POS system, wine license use, displays, shelving, tables, computers, fire suppression system including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request. An accurate value will be supplied by owner’s accountant.
Market Competition and Expansion:
To the best of our knowledge, 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.
Reason for Selling:
Owner retiring.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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