Monmouth White Table Cloth Restaurant Bar
Monmouth County, New Jersey
Asking Price: |
Gross: |
Cash Flow: |
$795,000 |
$942,000 |
$146,950 |
Furniture and Fixtures Value:
$386,000 (included in the asking price)
Inventory Value:
$45,000 ( not included in the asking price)
Business Summary:
Here is an opportunity to purchase a high end restaurant (excellent food) that never has an owner/operator on premises. Owner is involved with professional baseball and has no time to devote to his fantastic restaurant involvement. Frequented by professional ball players restaurant was completely renovated and improved with over $300,000 – cost added back in. As a professional sports figure, owner is not knowledgeable about needs directions and demands that this type of entity requires. This restaurant has had no owner operation since this inception 3 years ago. In spite of this, the restaurant continues to succeed has the only high end restaurant in this heavy vacation area. Restaurant does much better in the off seas in FALL through SPRING as better food with the absence of vacations with this better type of clientele continually enjoying themselves on repeat visits to this consistent food tasting and presentation new owner who would be hands on has to easily benefit on this restaurant concept. New motivated owner would receive benefit of clientele developed by past owners name recognition. Value of C license is $400,000 – Owner will give to buyer first option of first refusal of property.
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Year
Business was Established: 2005 |
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Number of Employees:
19 |
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Facilities / Terms of Lease:
Large restaurant with bar – comfortably seats 115 with room for more – municipal plus street parking more than sufficient – owner is landlord and would give tenant very good lease plus offer first option on property. |
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Potential
Growth/Expansion:
The opening for lunch, advertising, promotion and knowledge of first class restaurant can easily bring greater success to a new buyer. |
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Competition:
The area where restaurant is located is close to boating activities with many large boats in near by dockage – this is only restaurant catering to top line clientele in area. |
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Owner
willing to finance:
Owner willing to take financing of $395,000 with terms negotiable, dependent on buyers. |
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Owner
willing to train:
Two weeks |
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Reason for selling:
Owner is in professional baseball has no time for business. |
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REQUEST MORE INFO |
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