Restaurant/Lounge
Union County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $250,000 |
$935,000 |
$75,000 |
Furniture and Fixtures Value:
$100,000 (included in the asking price)
Inventory Value:
$10,000 ( not included in the asking price)
Business Summary:
Large 7,000sq.ft restaurant and lounge seating 170 + 50 at bar in a national chain hotel. Currently an ASSET SALE. Sales $18,000 per week, payroll $3500 per week, rent =25% of gross sales (includes utilities & water). Profit projected for year $75,000. Restaurant is in process of changing name & concept. Also included in deal is a 600 capacity banquet facility. For further information, please contact Howard Goldberg at 908-851-9040 Ext 209
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| Year
Business was Established: 1991 |
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| Number of Employees:
7FT/5PT |
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| Owner
willing to finance:
3-5 years at prime + 2% |
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| Owner
willing to train:
2 weeks |
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| Reason for selling:
Involved in his other restaurant- too much |
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| REQUEST MORE INFO |
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