Asset Sale Two Restaurants for Price of One
Union County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $190,000 |
$909,007 |
Undisclosed |
Furniture and Fixtures Value:
$145,000 (included in the asking price)
Inventory Value:
$10,000 (included in the asking price)
Business Summary:
With a down payment less than the value of the equipment, this is a great opportunity to buy two unique BYO restaurants for the price of one in an upscale downtown center. The Owner/ Chef originally spent $500k to create a fine dining environment with a wood fired pizza & fine Italian cuisine concept along with an authentic Mediterranean seafood cuisine concept, both sharing one kitchen. Because of the unique layout, the buyer has the space into one large concept with two new concepts with seating for 80 in each, or to convert the space into one large concept, which would double the seating capacity (160) and/or provide space for special events. The location also has summer seating outside.
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| Year
Business was Established: 2000 |
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| Number of Employees:
10FT/20PT |
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| Owner
willing to finance:
$70,000 seller note 5% interest with 2 year payment schedule |
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| Owner
willing to train:
Seller will assist in the transition up to 2 weeks as needed |
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| Reason for selling:
Owner leaving the area |
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| REQUEST MORE INFO |
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