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Restaurant/Caterer

Essex County, New Jersey

Asking Price: Gross: Cash Flow:
$3,000,000 $1,550,000 $265,619

Real Estate:
$190,000 (included in the asking price)

Business Summary:
Half century owner Zagat rated “Excellent” Portuguese Restaurant available with the Real Estate in a very heavily populated Essex County town with liquor license also – seats 120 plus 60 at the bar plus 45 in the party room. Property is 180x55 feet – 3 apartments upstairs. Bringing in $36,000 a year in rental income. For further information please contact Howard Goldberg at 908-851-9040 Ext. 209.

 
   
   
Year Business was Established: 1961
   
Number of Employees: 9FT/6PT  
   
Facilities / Terms of Lease: Seats 120 and 60 at bar and 45 in party room. Property is 180x55 – 3 apartments upstairs.  
   
Owner willing to finance: 10 years  
   
Owner willing to train: Two weeks  
   
Reason for selling: Retiring  
 

 

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