Newly Renovated Luncheonette in High Traffic Nice Area
Essex County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $299,000 |
$364,000 |
$118,290 |
Furniture and Fixtures Value:
$90,000 (included in the asking price)
Inventory Value:
$15,000 ( not included in the asking price)
Business Summary:
Beautifully renovated luncheonette located on a major thoroughfare of the affluent town of Livingston. The business presently also serves people from nearby Short Hills & West Orange. It has a good amount of foot traffic from nearby stores along with plenty of parking in the building's lot. Very new Furniture, Fixtures, & Equipment valued @ $95,000 are included in sale. Very reasonable rent of $2,700 monthly, which includes everything. Landlord will offer a long term lease with at least (1) option. A new owner should do advertising & promotions to increase its profits. Financials are projected out for 1 year based on the financials since its inception. STRICTLY CONFIDENTIAL! Contact Seth Kain @ 201-317-4710 for more details.
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| Year
Business was Established: 2013 |
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| Number of Employees:
2ft-3pt |
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| Facilities / Terms of Lease:
1,000 sq ft with a 400 sq ft basement. All Furniture, Fixtures, & Equipment are new, & in excellent condition. The store was remodeled soon before it opened up for business. There’s free parking in the building lot beside it. Owner has approximately 4 ½ years left on his lease plus one 5 year option. Landlord will offer at least this amount and possibly more. |
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| Potential
Growth/Expansion:
A new owner could do advertising and promotion to enhance gross sales and profits. Both could possibly be done through the many area schools, and in schools in the bordering towns. Local voucher advertising would be beneficial as well. |
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| Competition:
There aren’t any luncheonettes within 5 miles of the restaurant. There is a nearby bagel/ deli. But this business has a wide variety of items on its menu. So it’s not exactly direct competition. |
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| Owner
willing to finance:
$74,000 note to be held by the owner. All financing terms are negotiable. |
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| Owner
willing to train:
2 weeks |
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| Reason for selling:
Owner has other business interest, and cannot devote enough time to the restaurant. |
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| REQUEST MORE INFO |
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