Long Time Established Restaurant/Bar/Banquet Facility
Union County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $390,000 |
$840,000 |
$84,602 |
Business Summary:
This elegant restaurant has been an ideal landmark for the past 40 years in an excellent Union County location. Updated in 2007, this facility of 4,200 sq. ft. There is a full basement of 6,000 sq. ft. for storage and includes a walk-in refrigerator and freezer. Total dining and banquet seating is 175, bar is 10, A "C" Liquor License is valued at $250k, plus furniture, fixtures and equipment valued at $100k. Great turnkey operation for the experienced restaurateur. Owner looking to concentrate on his other restaurants. Asking $480k with $275k down, willing to finance the balance. For further information please contact Bill Pryzchodniez at 908-851-9040 Ext. 279.
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| Year
Business was Established: 1966 |
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| Number of Employees:
6FT/15PT |
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| Facilities / Terms of Lease:
Updated in 2007 – dining room, bar and banquet hall. 4,200 sq. ft. with 6,000 sq. ft. full basement. Parking 60 cars, building and interior are in very good condition. 8 year lease option of 5 years |
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| Potential
Growth/Expansion:
No |
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| Competition:
No |
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| Owner
willing to finance:
Prime + 2% 5 years |
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| Owner
willing to train:
As needed |
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| Reason for selling:
Looking to concentrate on his other 2 restaurants |
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| REQUEST MORE INFO |
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