Heading for $20,000 gross first year
Passaic County , New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $399,000 |
Undisclosed |
Undisclosed |
Furniture and Fixtures Value:
$150,000 ( not included in the asking price)
Business Summary:
Formally this location was grossing $35,000.00 weekly, was recognized as best Italian in the state, now opening as a top line Greek Restaurant, with wine license. Has seating for 100+ bar area. Location has parking for 18 cars+valet area. Very large kitchen that any chef would be proud of. Place is 4,000 sq. ft. with a low rent of 4,000 a month. Owner selling this place as he has 2 successful ongoing businesses. Very low selling price based on past performances for this location. Site address is well known to past frequenters of this former renowned restaurant. Situated on main avenue with possibility of 20,000 weekly gross for first year is possible. All employees including top line chefs will be staying on, this is a turn key sale. For further information, please contact Vito Mastromonaco at 908-851-9040, Ext. 285 or 973-715-2257, email: [email protected]
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| Facilities / Terms of Lease:
4,000 sq. ft. former location of one of the states premier restaurants. Parking for 18 cars, plus valet parking; very large location, dining room seats 100 plus bar. Good lease, facility has wine license. |
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| Potential
Growth/Expansion:
Time and exposure will bring new customers. Food and service are the best of quality. Advertisement will ensure continued growth. |
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| Competition:
No other Greek restaurants in area with good food and making $20,000 weekly would be possible for first year |
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| Owner
willing to finance:
Owner is giving away this renowned spot at this selling price- no financing |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Owner now running two other full time successful businesses |
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| REQUEST MORE INFO |
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