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This 35 Year Old Spanish restaurant is a landmark in NJ and is consistently ranked in the top ten restaurants in the area. The owners started it in 1990 and continue to run it in the same location today. The decor is very charming and is designed to feel like their home country of Spain. They have a well-trained long-term staff in place and a full bar with a liquor license, which is included in the sale. The two properties which are included in the sale consist of the restaurant building which seats 140 with an apartment upstairs that can be rented out, the adjacent parking lot and a separate over flow parking lot down the street which is used for private events and on busy weekends. Revenue is consistently above $2.7 million annually with cash flow of 925k/year. They currently do not offer any delivery services which can easily add an additional 500k/year in revenue to the new owners. The owners are retiring and moving back to Spain which is the reason for the sale. This is a rare opportunity to take over a highly profitable, well-run restaurant including the real estate. The seller's are requiring proof of funds and a resume showing at least 5 years of restaurant ownership before disclosing any information on the business.
This award-winning architectural services firm, previously generating between $850,000 and $1.5 million in annual revenue, has secured $71 million in multi-year government contracts, positioning it for significant expansion with projected revenue expected to reach upwards of $24 million. Specializing in historic restoration design and government projects at the federal, state, and municipal levels, the firm has built a strong reputation for excellence, ethics, and high-quality work. Its experienced staff and proven track record in securing highly sought-after contracts present a compelling acquisition opportunity for buyers looking to enter or expand in the government contract market.Investment HighlightsContracts worth $71 million in place: The business has federal, state, and municipal government contracts for architectural design work and construction management services for the next 3 to 5 years. All contracts are transferable and provide growth opportunities with continued access to additional future projects and contracts. Recurring and predictable revenue: These low-risk, prestigious contracts are each at a different stage, providing a manageable workflow and opportunities to maximize money for each contact and create future work.Strong relationships for over 50 years: The firm’s stellar reputation for its quality of work, skills, and commitment to meeting the exacting standards of federal and state agencies has led to its success in obtaining multiple highly sought-after contracts with the same agencies for over 50 years, with multi-year contracts in place. Indefinite quantity contracts: This type of government contract (IDQ) is much sought after as the proposals have been reviewed, fees have been accepted, and tasks are awarded on a quality base. The government reviews ongoing project work, and the firm has the leverage and positioning to be considered for additional projects and contracts based on the fact that it won this contract.No change of control issues: The current contracts can be freely transferred and sold. Once a contract has been won, the government does not get involved in the running of the contract and there is no ongoing negotiation of fees – that is all dealt with before the contract is awarded.Buyer does not need to be a licensed architect: Due to state provisions where the business is currently based, the firm does not need to have a licensed architect as an owner/buyer as long as there is a licensed architect who manages the corporation and is familiar with contracts, the response to the proposal process, etc. If the company ends up registered in another state, the licensing requirements may differ. Operations and quality control: The company maintains quality control measures for the preparation of all construction document sets, including drawings and specs for work performed by the firm and any sub-consultants.NEXT STEPS: If you’re interested in this business, please fill out the contact form and we will email you an NDA to e-sign. Please look for an email with the subject “Architectural Services Firm with $71 Million in Multi-Year Government Contracts (FPC-110)”.
Commission Agent site, pumping around 120,000 gallons per month with 10 cents commission per gallon. All maintenance will be the responsibility of the fuel company except for hoses and nozzles. It has a very busy mechanic shop that does great volume in repairs, and it has loyal customers. The station needs a good mechanic who can operate the site or can be rented to the existing mechanic who's there now.
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