Business For Sale

Tapas Style Restaurant Nets $130K

Not Disclosed, NJ
Bergen County


Asking Price: Annual Revenue:
$399,000 $1,086,987

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Tapas Style Restaurant Nets $130K Broker: Ron Cervelli
Owner Financing is Available!
Is available to a qualified buyer with an appropriate down payment.

Quick Facts

Asking Price: $399,000
Annual Revenue: $1,086,987
Net Profit: Not Disclosed
Cash Flow: $139,000
Total Debt: Not Disclosed
FF&E: $175,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: 6
BBN Listing #: 12723909
Broker Reference #: REST644

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Business Overview:

Wonderful Restaurant opportunity located near the New York train station in a wonderful community of northern Bergen County, New Jersey. The business has recently been fully upgraded with a beautiful modern appearance. This business opportunity also offers specialized wines from a local New Jersey Winery. The restaurant is very well known in the local communities and has a highly popular and an excellent International menu of foods. The business will continue to expand due to its general location and consistent quality service. The sale consists of a fully equipped, two floor Restaurant, asset value based on replacement cost is estimated at $175,000. This particular business has six employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $12,800. The business has an assignable commercial lease which expires 2023-01-01 plus additional options, with a monthly rent of $9,116, rent per square foot is $45.00 and rent security $15,000. The business is active six days per week, with hours from 4:30 pm to 9:30 pm. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a continued high investment return to the owner operator prior to debt service. 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 may not represent this particular business.

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Property Features and Assets:

The business has an excellent presence, located on a highly active avenue near to a popular train station in Upper Bergen County. The business is located on a county road and a commercial avenue with numerous other successful retail businesses. The retail facility which consist of 1,940 square feet has a modern warm and attractive appearance. This opportunity is located in Bergen County, New Jersey, which consists of various affluent communities with continued demand for this particular service and product.

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. The business presently has a new marketing plan and web site and given the appropriate amount of time the restaurant will further develop its gross sales.

Reason for Selling:

The owner has an alternative restaurant and desire.

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.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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