MergerPlace

Catering Business w/ Popular Restaurant

New Jersey


  • Asking Price: $499,000
  • Gross Income: $895,114
  • Cash Flow: $266,910
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $15,000
  • Listing ID: #198499
  • Established: 2006
  • Employees: 10 FT/ 4 PT

Business Description

Very successful caterer with steady corporate accounts which makes up approximately 50% of revenue. Additionally, Cafe/Diner style restaurant on main county road. Located in the heart of town, this restaurant is busy 7 days a week serving breakfast, lunch and dinner. The restaurant has been highly rated and has great reviews online. Easy to manage and great cash flow with loyal repeat customers. Perfect for someone looking to start their own restaurant or relocate out of city into great town. Owner will train and lives in the area to ensure a smooth transition.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: New Jersey

Company Information

Year Established: 2006
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 10 FT/ 4 PT

Financial Information

Asking Price: $499,000
Gross Revenue: $895,114
Cash Flow: $266,910
FF&E: $15,000
Inventory: $5,000
Seller Financing Available: Yes

Property Information

Facilities:

1500 sq. ft. restaurant with full kitchen capability and server station. Great Location is across the street from the train station and part of downtown, so highly visible. Very well known with lots of regular customers. Turn Key opportunity with key staff in place.

Growth & expansion opportunities:

Growth opportunities exist with catering. New owner should expand that capability.

Competition:

Busy town with lots of restaurants but this one stands out for its quality of food and atmosphere.

Reason for selling:

Owner is pursuing another business opportunity outside of food.

Support & Training:

Will train for 2 weeks @ no cost.

Contact Business Seller

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Business Listed By:

Daz Connell

Murphy Business Brokers