MergerPlace

Causal Restaurant for Sale/Lease

New Jersey (Union)


  • Asking Price: $99,000
  • Gross Income: $285,760
  • Cash Flow: $9,775
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $15,000
  • Listing ID: #200000
  • Established: 1990
  • Employees: 3 FT/5 PT

Business Description

Well established Family Restaurant located in Downtown area of upscale Union County town.

The business is available for sale or long term lease qualified purchasers with only a security deposit (ask for terms). Commercial Kitchen, staff and customer base are all yours.

Strong ROI. Opportunity to buy the business with little money down for qualified buyers. Re-brand or franchises are OK too!


Business Details

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

Company Information

Year Established: 1990
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT/5 PT

Financial Information

Asking Price: $99,000
Gross Revenue: $285,760
Cash Flow: $9,775
FF&E: $15,000
Seller Financing Available: No

Property Information

Facilities:

Single story 2500 sq ft building located in highly visible downtown location with ample metered parking. The Dining area was fully renovated in 2015 and seats 80. Full basement for storage and 2 walk-in refrigerators. Long term competitive lease available.

Growth & expansion opportunities:

Advertise or re-brand to popular franchise concept.

Competition:

There are several restaurant is this vibrant and popular downtown area.

Reason for selling:

The sellers also are the building owners and are looking for a long term reliable operator to buy the business and to lease the space.

Support & Training:

Will train for 2 weeks @ no cost. Family Style diner/restaurant with competitively priced menu. CO and food handlers license required. The local board of health inspects regularly. Meets all fire and safety codes.

Contact Business Seller

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Business Listed By:

Russell Miller

Murphy Business Brokers