MergerPlace

Price Reduced! Fine Cuisine &

New Jersey (Essex)


  • Asking Price: $199,000
  • Gross Income: $500,000
  • Cash Flow: $180,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $150,000
  • Listing ID: #201664
  • Established: 2007
  • Employees: 1 FT/13 PT

Business Description

4 distinct revenue lines including Mediterranean Fine Cuisine, Mediterranean quick service grill, Hookah Lounge and Catering.

Below market and long term lease available in highly desirable upscale town. Great space including newly renovated (2016) quick service area plus a fine dining area, a Hookah Lounge and enclosed outdoor seating.
Only open 6 days a week.
Online ordering and delivery was added last year and generates over $100,000 in sales!
Large and growing client base.
Only Hookah lounge in the area.
Great reviews. BYOB facility.
Chef and staff will stay on as needed. Asking just $199,000.


Business Details

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

Company Information

Year Established: 2007
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT/13 PT

Financial Information

Asking Price: $199,000
Gross Revenue: $500,000
Cash Flow: $180,000
FF&E: $150,000
Seller Financing Available: Yes

Property Information

Facilities:

Great space in Highly desirable location with below market long term lease. Approximately 6600 sq ft of interior space with an additional 900 sq ft +/- of enclosed outdoor seating for 50. Front area fully renovated in 2016 (causing the business to close for 4 months). Favorable lease in highly desirable area.

Growth & expansion opportunities:

Additional advertising and having an owner on site will help grow the business.

Competition:

Outstanding reviews and large following make this a great investment. This is the only Hookah bar in town and surrounding towns.

Reason for selling:

Partners moved out of state.

Support & Training:

Will train for 2 weeks @ no cost. Mediterranean fine cuisine; Mediterranean quick service grill; Hookah Lounge; Full service caterer; BYOB

Contact Business Seller

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Business Listed By:

Russell Miller

Murphy Business Brokers