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Restaurant/ Bar

Hudson County, New Jersey

Asking Price: Gross: Cash Flow:
$195,000 $340,000 $31,400

Furniture and Fixtures Value:
$50,000 (included in the asking price)

Inventory Value:
$10,000 ( not included in the asking price)

Real Estate:
$550,000 ( not included in the asking price)

Business Summary:
Completely refurbished restaurant, kitchen and bar/ lounge area. Fully equipped kitchen with new equipment and ample storage. Ideal for owner/ operator with restaurant management background. Large bar. Lounge area. Separate room for restaurant which seats 70.

 
   
   
Year Business was Established: 1983
   
Number of Employees: 6  
   
Facilities / Terms of Lease: 2500 sq ft, bar, restaurant and kitchen completely refurbished, street parking restaurant seats 70 plus ample seating in bar, property well maintained.  
   
Potential Growth/Expansion: Parties, special events, loyalty programs  
   
Competition: Busy urban area with many restaurants drawing customers to area  
   
Owner willing to finance: Prime + 2% two year note  
   
Owner willing to train: as required  
   
Reason for selling: other business interests  
 

 

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