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Food & Liquor

Morris County , New Jersey

Asking Price: Gross: Cash Flow:
$895,000 $1,010,517 $217,348

Inventory Value:
$27,000 (included in the asking price)

Business Summary:
Located in popular strip mall on major street, plenty of parking in lot. Restaurant/ Bar has live entertainment Friday & Saturday nights. Mexican Food served / 176 seats. Also has outdoor seating when weather permits. Motivated seller will listen to all offers. Also includes liquor license “C 33”. For further information, please contact Harold Leibowitz at 908-851-9040 Ext. 260

 
   
   
Year Business was Established: 1989
   
Number of Employees: 13  
   
Facilities / Terms of Lease: Located in a strip mall- Restaurant/Bar is very clean. Has large parking lot for mall. Has 176+ seats; is in 2nd year of 5 year lease, open 7 days a week. Has live entertainment Friday’s & Saturday nights - Mexican menu.  
   
Potential Growth/Expansion: Can open at earlier hours  
   
Competition: Competition minimal  
   
Owner willing to finance: To be determined  
   
Owner willing to train: Seller will stay onto train  
   
Reason for selling: Partnership splitting  
 

 

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