MergerPlace

Authentic Middle Eastern Restaurant

Not Disclosed, New Jersey (Passaic)


  • Asking Price: $295,000
  • Gross Income: $800,000
  • Cash Flow: $134,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $100,000
  • Listing ID: #202083
  • Established: 28
  • Employees: 7

Business Description

This 2500 sq. ft. authentic Mediterranean restaurant is located in the heart of downtown city traffic. Has 10 parking spots. Well established with good reputation seating 63 as well as outside area. Severs Breakfast (15%) LUNCH (55%), Dinner (26%) & catering (4%). Owner willing to train buyer and hold back paper. Owner maintains good records. The restaurant is fully staffed with 3 full-time kitchen staff and 4 part time waiting staff that has been with the restaurant a long time call Sol to tour restaurant.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: New Jersey
Metropolitan Area: Not Disclosed
County: Passaic

Company Information

Year Established: 28
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 7

Financial Information

Asking Price: $295,000
Gross Revenue: $800,000
Cash Flow: $134,000
FF&E: $100,000
Seller Financing Available: Yes

Property Information

Facilities:

2,500 sq. ft. 10 parking spots, all equipment is in good working condition, facility in good shape, leased with 10 more years left on lease.

Growth & expansion opportunities:

Can expand hours of operation enlarge menu, increase catering

Competition:

Located among many different types of restaurants in a town that is inducive and inviting to dine out

Reason for selling:

Moving to Florida

Support & Training:

Seller will stay to train

Contact Business Seller

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Business Listed By:

Solomon Sasson

Executive Business Brokers