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3497vm Hoboken Hot Spot

Hudson, New Jersey

Asking Price: Gross: Cash Flow:
$215,000 $475,000 $16,330

Furniture and Fixtures Value:
$150,000 (included in the asking price)

Business Summary:
Located in Hoboken. Hoboken. Where all businesses survive. This specific food/grill deals basically with area locale - Although deliveries citywide. 60% delivery cash. Place is well known in this area of Hoboken as place to go for food. Owner only selling because of personal problems. Turnkey operations for new owner. Presently operated semi-absentee. Warm weather enables outside dining aways filled. Great & well renowned in area. Meeting place for area residents. This area of Hoboken is rapidly growing. New residents constantly.

 
   
   
Year Business was Established: 2005
   
Number of Employees: 5  
   
Facilities / Terms of Lease: Busy meeting place for area. 12 years lease. 1,125 sq. ft. Sitting for 24 outdoors 40 indoors.  
   
Potential Growth/Expansion: Setting up deli counter and doing away with stool set up can only increase traffic, volume and customers counting which has plenty.  
   
Competition: Only food establishment in the area of Hoboken where food is meant going out for. Other places in area receive turout from this hot spot.  
   
Owner willing to finance: owner will take $115,000 back in Financing terms negotibable.  
   
Owner willing to train: two weeks  
   
Reason for selling: personal reasons  
 

 

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