Only food provider in major chain hotel
Essex County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $150,000 |
$420,000 |
$118,540 |
Furniture and Fixtures Value:
$90,000 (included in the asking price)
Business Summary:
Lightly projected number for first year of operations, Experience majority owner now part time at the helm. Now doing over 6,000 weekly. Extremely low over head course, 3100 per month cover all operating rents and cost. Because of this profit first year will over 100000. This is the only food concession in a major hotel chain. This Italian BYOB restaurant will show over 100000 first yr. Room service and all hotel catering ( 1 private) and dinner is thru this restaurant thru the hotel. Large kitchen two separate serving room up 50 seating each. Kitchen equipment in owned by lessee since new owner took over business is increasing should do over 1000 week by the end first year. Presently run semi absentee most of trade is hotel guests From this 70 room national hotel chain Has parking for over 100 cars, remarkably low rent per sq ft 1/3 of area rents called for. New Jersey wine can easily be obtained. Because owner has several business to run he wants out and short sale as possible, all cash offers of close to 125,000 would be accepted.
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| Year
Business was Established: 20 |
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| Number of Employees:
5 |
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| Facilities / Terms of Lease:
Large kitchen two separate serving room up 50 seating each. |
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| Potential
Growth/Expansion:
More advertising to pick up travelers on well traveled state in front of place |
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| Competition:
Since this is the onyl food service vendor in national chain hotel- very little competition. |
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| Owner
willing to finance:
Owner would accept financing of $51,000 at 2% above prime. |
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| Owner
willing to train:
Two Weeks |
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| Reason for selling:
Owner has other businesses and takes him too long to commute. |
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| REQUEST MORE INFO |
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