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Executive Business Brokers

Retiring $100,000 Down Seller Financing In Union County For Sale

Union County, New Jersey
Asking Price:
$329,000 (USD)
Turnover:
$635,110 (USD)
Net Profit:
$103,201 (USD)

Down payment reduced to $100,000. Retiring owner will grant a qualified buyer a 120 month payout. This is a beautiful, established, profitable restaurant with an excellent reputation and $400,000 +/- of additional fixed asset and liquor license value. Revenue $635,110 (after deduction of sales tax) and profit $103,201. Landmark location on a busy street. Beautiful restaurant seating for 91 +/-. Bar seating for 51 +/-. The restaurant has 25 parking spaces and there is plenty of off-street parking. Seller owns the real estate & will give an excellent value long term lease with a bonus of the right of first refusal. Liquor sales 35% +/-. Food sales 65% +'-. The owner has the best possible buying procedures and contacts in place yielding an exceptionally advantageous cost of goods sold position.
Value, value, value
In addition, there is an attractive granite bar.
Space: Restaurant and Bar 3,850 sq. ft on a ground level floor and 3,850 sq ft in the basement level.

Property Information

Real Estate:

Lease

Location:

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.

Size in square feet:
3,850

Business Operation

Competition / Market:

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

Reasons for selling:

Retirement

Employees:
12-14
Years established:
2000

Other Information

Support & training:

Owner will provide full professional transition support and guidance.

Financing available:

229000

Furniture / Fixtures value:
$300,000 (USD)

Contact Information

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