MergerPlace

Restaurant & Bar/Lounge

New Jersey (Union)


  • Asking Price: $329,000
  • Gross Income: $633,092
  • Cash Flow: $83,469
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #212391
  • Established: 2000
  • Employees: 12-14

Business Description

Landmark location on a busy street. Restaurant seating for 91+/-. Bar searing for 51+/-. The restaurant has 25 parking spaces and there is plenty of off-street parking. Seller owns the real estate & will give a long term lease with the right of first refusal. Liquor sales 35%+/-. Food sales 65%+/-. Equipment $50,000+/-. Inventory is not included. Will be dollar for dollar.


Business Details

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

Company Information

Year Established: 2000
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 12-14

Financial Information

Asking Price: $329,000
Gross Revenue: $633,092
Cash Flow: $83,469
Seller Financing Available: Yes

Property Information

Competition:

As a top quality restaurant enhanced by its excellent reputation the restaurant is enjoying growth.

Reason for selling:

Retirement

Support & Training:

Attractive facilities furnished to match a top class restaurant. 3,850 sq ft on main floor and 3,850 sq ft in basement. Fully equipped with state of the art restaurant equipment and excellent storage.

Contact Business Seller

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Business Listed By:

Robert Hinkley

Executive Business Brokers