BEAUTIFUL RESTAURANT W/ SEATING FOR 100
Morris County, New Jersey
Asking Price: |
Gross: |
Cash Flow: |
$375,000 |
$600,000 |
$190,650 |
Furniture and Fixtures Value:
$200,000 (included in the asking price)
Inventory Value:
$3,000 (included in the asking price)
Business Summary:
Located in Morris County, this beautifully well appointed 27 year old family owned restaurant is looking for a new owner to step in and continue the popularity and profitability of this great restaurant. This well established restaurant consists of over 2,666 sq ft plus a 1,700 sq ft basement with walk- in freezers. It has seating for 80, plus an additional 15 on the outside area weather permitting. The quality built dining room was completed in November of 2009 and reflects a major capital investment of over $200,000. It has high ceilings, brick and mahogany interior, softly lit lighting and it is romantically furnished making it a relaxing place to dine. There are beautiful French doors that open onto the sidewalk café area. It is a BYOB establishment and must be seen to be appreciated. It’s beautifully decorated and the food is delicious. Great ratings from Zagat and New York Times. Street parking is available as well as public parking in a lot or garage. You may keep the current menu or easily convert it because of the versatility of the equipment in the kitchen. There are many office buildings in the upscale area which translates into excellent lunchtime and dinner business. Opportunity to increase sales by catering to local businesses. Perfect for first-time or established restaurateur or family business. This opportunity won't last long. You could start a restaurant from scratch, negotiate a lease, build out the space, buy the furniture, find and train the staff, recruit customers and if you are really good, break-even after a year. Or....you could buy a beautiful restaurant like this one and skip the start-up headaches and profit from day one. This restaurant has a sterling reputation in the county restaurant community and offers the finest cuisine you will find in the state. With a little additional marketing, this restaurant will continue to increase its monthly and yearly sales.
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Year
Business was Established: 1984 |
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Number of Employees:
5PT |
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Facilities / Terms of Lease:
Beautifully well appointed 27 year old family owned profitable restaurant which consists of over 2,666 sq ft plus a 1,700 sq ft basement with walk- in freezers. It has seating for 80, plus an additional 15 on the outside area weather permitting. The quality built dining room was completely renovated in November of 2009 and reflects a major capital investment of over $200,000. It has high ceilings, brick and mahogany interior, softly lit lighting and it is romantically furnished making it a relaxing place to dine. There are beautiful French doors that open onto the sidewalk café area. It is a BYOB establishment. |
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Owner
willing to finance:
Prime+2% over 3 years |
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Owner
willing to train:
2-4 weeks |
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Reason for selling:
Moving to Florida |
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REQUEST MORE INFO |
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