MergerPlace

Make Huge Profits from Low Lease

New Jersey (Bergen)


  • Asking Price: $299,000
  • Gross Income: $726,811
  • Cash Flow: $205,013
  • Real Estate: Not Disclosed
  • Inventory: $1,000
  • FF&E: $130,000
  • Listing ID: #203129
  • Established: 11
  • Employees: 9

Business Description

LEASE, LEASE, LEASE within this Bergen County Epicurean Center there is a fine restaurant possessing a long lease of outrageous value. This lease is possibly 50% less than most of its competitors. The lease belonging to this noted facility of 2,200 sq. ft. plus basement is for $4,500 per month. Sales of $726,811 have been constant in recent years. A Chef or experienced Restaurateur can shake up this renowned community with this multi-year lease. A good operator with this lease in their possession (seats 78 inside, 12 outside) can make phenomenal profits for a wise operator for years. Owners receive $137,670 salary taken from payroll increasing cash flow of restaurant. LEASE.


Business Details

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

Company Information

Year Established: 11
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 9

Financial Information

Asking Price: $299,000
Gross Revenue: $726,811
Cash Flow: $205,013
FF&E: $130,000
Inventory: $1,000
Seller Financing Available: No

Property Information

Facilities:

Finding a lease in the area would be hard to duplicate. 2,200sqft seats 78 inside 12 outside.

Growth & expansion opportunities:

Achieving recognition and with low operation cost this facility can go to the financial top.

Competition:

Town is covered with great many good restaurants of various themes. This opportunity with this lease can become a large competitive advantage

Reason for selling:

After years in service field owner wish to go in another direction

Support & Training:

Two weeks

Contact Business Seller

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Business Listed By:

Vito Mastromonaco

Executive Business Brokers